The markets are back below my bull/bear lines 2770 for the S&P and 1540 for the Russell. On Thursday the Russell fell significantly heavier (2% v.s. .65%-.93%) than the other indices, which is usually a leader of the trend. If stock indices do go to lower vM target prices, they will form patterns to test last years lows.
The ES barely missed vW 2820.25 and turned lower.
vM to 2721.75 is triggered and vM to 2641 is formed.
2770 is my bull/bear line.
The Russell hit vM 1538 and fell below.
vM to 1469.7 is triggered.
The Nasdaq has hit vM 7005 and has so far bounced.
vM to 6794.25 has formed.
The Dow needs to retake 26200 to null vM's lower.
XLF looks 50/50 either way.
The Dollar is fighting between two patterns.
VW to 99.890 and vM to 92.010
Shorter term vW 97.670 is close to hitting.
Gold still trading sideways
Copper triggered vW to 3.7840
Oil has small vM to 53.13 triggered.
If that on works it will likely form a vM sub $50.
Bonds have vW to 162'08 and 164'25 which is close to triggering
which will likely be bad for stocks.
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