Stocks indices had a rough week and are testing their 50 day moving averages.. GME, AMC, KOSS EXPR, and BB had huge short squeezes after Wall Street Bets reddit channel pumped them and they had a ridiculous short float. Talk of a squeeze in silver coming next..
The S&P has fallen below and is testing its 50 day MA.
vM to 3521.25 is triggered.
Still has some vW's that are not yet nulled.
vM to 2059.8 and 1967.4 are triggered.
Currently sitting just above 2059.8
Could bounce from there back to new highs,
or butter through towards 1967.4...
neither would surprise me.
The longest term pattern the Nasdaq has is to 1378.75,
which began forming in Sept '20.
vM's to 12254.75 and 12031 are triggered.
Needs to avoid below 12,800, otherwise expect further selling towards those targets.
The DOW has formed a vM to 28700, and is below its 50 ma.
Still has several longer term vW's
Bonds has vM to 200 triggered.
Has small vW to 211 formed.
Gold fighting between sizable down patterns and new highs.
It does have a long term vw to 2400 still triggered
Lots of talk about a short squeeze in silver after the GME squeeze.
Has several shorter term vW's from 27.80 to 33.78.
along with a bull flag to 47.02 and longer term vW to 50.86 that isn't far from being triggered.
Click for Update
Oil has short term vW to 55.33,
and longer term vW's triggered from 80.82 to 114.07 triggered.
Small vM to 49.72 has formed.
Click for Update
The Dollar has hit vW target price 89.210
It's currently battling between short term necklines.
Needs to hold 88.150 to avoid further selling towards 87.125,
and triggering newly formed vM to 73.340
Lumber has been going parabolic again.
Has formed a vW to 1338.9
Note: Charts discrepancies between here and on TOS are still whacked.
The XLF has been gapping down and is now testing its 50 ma.
vM to 26.28 is close to being triggered.
BTC nulled its vW to 50K.
vM to 27638.74 and 20547.43 are triggered
vM to 14371.15 has formed.
DOGE/USD squeezed as well this week.
Sitting between necklines of vW to .08 and -.0055
GME currently has patterns triggered between below way below 0 and 708.97
EXPR has been in a downtrend since 2014.
The squeeze formed and hit a double bottom to 11.56
vW to 12.75 and vM to -3.47 have formed.
KOSS was under $5 before the squeeze.
vM to -12.64 is triggered.
Has vM to 14.34 and vW to 195.12 that are formed.
BB formed and triggered vM to -1.33
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