Stock indicies are still rallying, but all are about tohit vW target prices that will re-test their necklines for vM's lower. If stocks start to roll over at these levels instead of consolidate and close above the necklines, we are likely to see much lower. Several patterns higher, and to new highs are forming though.
The ES has large patterns formed both ways.
Currently headed toward vW 2628.75
See if can continue higher and take out vM neckline to 2168.25
The Russell hit vW 1412.5 and continued climbing.
On its way to vW 1462.5, which is right at the neckline for vM 1218.2
The Nasdaq formed vW to 6745
vM to 5478.5 is still triggered.
XLF is consolidating just below 24.64
See if is resistance or heads higher towards 26.06
Oil has untriggered vM to 19.91and just below 53.34 target price.
See if can continue higher to newly formed vW to 63.19
The dollar is just above vM 94.410
See if can bounce from there,
otherwise expecting recent low around 93.7
Gold has un-triggered its vM to 1121.2, above 1369.4 nulls,
and will trigger vW to 1708.3
Bonds have formed and triggered a vM to 156'05,
which is right at the gap fill at 156'06
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