The Indices had a decent week overall but fell heavily late Friday, likely due to traders not wanting to be long over the weekend. Oil is back near the lows, which could drag the market with it if it declines further. Bonds look like they want to rally again, and gold and the Dollar continues their large swings.
The S&P had an overall good week but fell late Friday,
most likely due to traders not wanting to be long over the weekend.
vW to 2515.75 is triggered, and if hits, will trigger vW to 3142.25
Still has a vM to 2134, which if hits and falls through, will trigger vM to 1369.5
The Russell had similar action to the S&P.
Needs to hold lows and trigger vW to 1424.2
otherwise further selling towards 870.2 is likely
The Nasdaq has formed some pretty solid looking vW's to 8576.25 and 9184 on the hourly chart if can hold the lows.
The Dow has formed vW's to 23544 and 27429
Bonds still battling between vW's and vM's
Fridays action triggered vW to 242'15 and 249'26
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Gold ripped higher this week gaining back a lot of last weeks loss.
It has been very volatile and has large moves possible in both directions.
Oil tried to rally earlt in the week but closed lower.
It is sitting just above recent lows, and just above vM to 19.91
If doesn't bounce from there 8.91 is a possibility.
The crazy moves in the Dollar continue.
Hard to chart here with no intraday charts available,
but looks like has a vM to around 93.835 that is triggered.
XLF fell through vM's 21.90 and 20.14, but have bounced back above.
Needs to hold recent lows to avoid triggering vM 13.80
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