Stock indicies have been been seesawing in recent weeks. The Russell and Nasdaq are performing worse than the Dow and S&P, which is concerning for markets. Oil needs to bounce or looks like could head much lower. Bonds have hit an upward target price. Watch id the pull back or continue the uptrend, which will put pressure on stocks.
Bulls and Bears continue to battle for vM necklines.
As of the open Sunday night, the bears are winning.
If price can't retake the necklines, expecting 2489.5 and 2273.0
The Russell is back below the necklines for 1330.2 and 1218.2
The Nasdaq is significantly below necklines for 6202.75 and 5478.5
The Dow is similar to the S&P
The dollar has a vM to 94.410 formed,
but ultimately looks like it wants higher.
From 10/28/18
Gold has formed and triggered a vM to 1121.2.
which is very likely if the Dollar continues to rise.
Needs to hold 1230 area to avoid further selling towards 1121.2,
which will likely be a buying opportunity for vW to 1708.3
Bonds hit price target 155'28. They could pull back here,
but ultimately they look like they want the 159 area.
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