Stocks took a beating Thursday after Wednesdays Fed announcement where they state rates would remain unchanged into next year. Stocks had a decent day Friday considering Thursdays action. If we don't have another day like Thursday in the next week or two, I'm currently expecting new highs in the indices.
The S&P has formed a vM to 2780.
The S&P has formed a vM to 2780.
vW to new highs are still triggered.
Russell has formed vM's ;lower as well to 1304.1 and 1186.4
Still has vW's to new highs triggered.
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The Nasdaq fell after hitting vW 10021.75
vM to 9087.25 has formed.
vW's much higher are still triggered.
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The Nasdaq fell after hitting vW 10021.75
vM to 9087.25 has formed.
vW's much higher are still triggered.
Bonds rose for the week, un-triggering vM's lower.
Has small and larger time frame patterns going both ways.
Gold is still trading sideways.
Probably gonna make a big move in one direction or another in the near future.
Oil has formed vM's to 33.13 and 28.93
Expect oil follow the stock markets lead.
The Dollar bounced against the stock indices fall Thursday and Friday.
Banks look o.k. here, but that could change in a day,
and will likely do so in concert with the indices.
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