The major indices closed below their 10ma, except the Russell. See if they can retake it. Bonds bounced, and gold is forming patterns to the upside. Lumber looks like it wants to go parabolic again.
Copper has been going higher as well.
The S&P has formed and triggered short term vM to 3614.25,
which if works out will trigger vM to 3517.75
Does still have longer term vW's higher,
but needs to retake its 10ma to avoid further selling.
The Russell hit longer term vW at 1933.8
Has formed small patterns to 1832.8 and 1976.2 and currently between the two necklines.
Russell is still above its 10ma
Bonds bounced this week back above the 10ma.
Still expecting 204'05 unless the stock markets decrease further.
Gold has formed vW 20000.1 and triggered vW 1949.5.
Currently sitting just avove its 10 ma after testing the 200 a couple weeks ago.
See if price and the 10ma can retake the 50 ma.
Copper has had a big run lately and recently hit vW target price at 3.5495
Wouldn't be surprised if pulled back here from that target price,
Oil hit vW 47.68
Still has several longer term vW's to 55.33 and above 80.
Dollar still looks like it wants lower.
Has formed small vW's to 92 area.
Tradingview and Thinkorswim charts on lumber are still whacked.
Thinkorswim doesn't have the same gap and the highs were made a couple weeks apart.
Regardless lumber looks like it wants to go parabolic again,
and the further out contracts have already climbed above the last high.
Wells Fargo similar situation to XLF
BTC/USD
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