Stocks have continued their rally, hitting vW target prices, and are retesting necklines for vM's lower.
Oil has hit a vW as well, and bonds hit a vM lower,
Watch bonds closely. Whether its here or lower at the gap, if they start rallying, stocks will likely fall.
The ES has hit vW 2628.75, and continued climbing,
and retaking vW neckline to 2273.
vW to 2770.25 (and new highs) are triggered.
Expecting 2270-2820 area to be resistance.
If gets above that, will expect new highs.
The Russell hit vW 1412.5 and continued climbing, and has retaken vM necklines lower.
Expecting resistance at target price vW 1572.
It hasn't formed vW's to new highs,
but if it continues higher it will.
The Nasdaq has a similar story as the Russell.
Expecting resistance at vW 7133.25
Dow is similar to others as well.
Expecting resistance at vW 25811
The XLF is sitting just below vW to 26.06
vW's to 27.31 and 29.98 are triggered.
Bonds hit vM target price at 158'10
If bonds bounce from here I will be
highly suspect of a rally in stocks.
If doesn't bounce expecting vM 156'10
Oil has hit vW 53.54
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.
Gold has un-triggered its vM to 1121.2, above 1369.4 nulls,
and will trigger vW to 1708.3
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