Stock Indices rose for the week hitting vW target prices. Volatility wouldn't surprise me here, but we could also butter through to new highs. Gold has been in an uptrend and the Dollar has been under pressure.
The S&P has a short term vW to 3366.75
and longer term to new highs 4340.25 and 3450.5.
Might see some volatility here, but wouldn't surprise
me if we buttered through to new highs either.
The Russell has hit a longer term vW, nulling vMs lower.
As with the S&P we could see volatility here,
but ultimately expecting higher.
The Nasdaq hit a longer term vW as well.
It has formed a small vM to 10820.25
Bonds have been strong lately.
Another decent rally and they will null large vM's lower.
Small vM to 222'29 has formed.
Gold is up over 15% the past few weeks,
triggering vW's to 2127.5 and 2416.1
Oil has been trading sideways to slightly higher.
The Dollar hit vM 92.835 and has found a bit of support.
If falls below that, expecting the bear flag at 91.305
and if that doesn't hold, expect vM to 87.125 which will null vW's higher.
Copper forming sizable patterns in both directions.
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