Stocks and oil have been rallying and have vW's higher that are triggered. However, there are larger vM's lower that are still triggered. Watch to see if price can continue above target prices and re-take the necklines(which are just above the target prices).
Note: Nothing much has changed for the Russell, Nasdaq, Dow, the Dollar,gold,and copper on the charts so refer to last weeks blog for those.
The ES has hit vW 2529.75 and continued climbing after consolidating.
Expecting vW 2628.75 but think it will be a resistance area.
vW 2628.75 is just below the vM neckline to 2273.
XLF has formed and triggered a vW to 26.06
Oil has formed and triggered a vW to 51.84.
It will have to continue above it in order to untrigger vM to 24.39
Bonds have formed a vM to 158'08 after hitting vW 164'05.
If doesn't bounce from there, expecting gap 156'06
Lumber is in between larger time from patterns about 40% in each direction,
which are inside much larger time fram patterns.
vM to 196.1 is triggered.
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