Sunday, September 13, 2020

Week Ending 9-11-20: Lumber chart is whacked

Stocks were volatile but went sideways for the most part.  Still several good size vM's out there.  Oil is close to triggering a sub-30 vM to 27.13.  Lumber looks like it fell, but short term chart is whacked for some reason.


The S&P still has vM's to 3272.75 and 3161.25 that are triggered.
Longer term vW's to 3852.5 and 4394.75 are still triggered as well.



The Russell has triggered vM to 1409.7
Still has several vW's higher that are triggered as well.
Click for Update



Bonds still have large patterns both ways.



Gold has been trading sideways the last several weeks.
Has vM's to 1854.2 and 1711.1 but also looks like 
could be coiling for a move towards 2102.8 and higher.



Oil has formed some large vM's to 33.94 and 27.13



Dollar has formed vW's to 94.425 and 95.715
vM to 91.305 is still triggered.



Lumber fell with the market but bounced has nulling vM to 687.9 and hit longer term vW from 1994.

Actually this chart is screwed up. 
 Not sure whats going on. 
 Day time frame or less shows the new highs, 
but weekly and monthly charts show vM to 687.9 being hit.  
Other sources confirm he price closing at 640.4 for the week.




Banks have several patterns triggered both ways.



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