Sunday, March 21, 2021

Week Ending 3/19/21:Majors testing 10 sma. Oil tanked Thursday

 The S&P has several vW's above 4000 formed and/or triggered.
It is testing its 10 ma after making all time highs, and has a small vM to 3826.25



The Russell hit longer term vW to 2321.9
vM's 2036 and 1891.1 have been nulled. 
Testing 10 ma as well.
vM to 2206.8 is triggered and vM's 2142.9
and 2121.8 are formed.



The Dow outperformed other indices this week.
Has formed small vM's to 32301, 31974 and 31680



Bonds hit vM 181'22 and traded lower.
If doesn't bounce from this area, expecting low 170's



10 year T-notes hit a vM at 131'04 
If cant bounce from here, expecting 129-126'20



10 Year yield has vW to 1.846 triggered.



Gold looks like it is trying to bounce from prior vM at 1672.
If cant hold the 1672 area, expecting 1615-1588 and vM to 1385.7 will be triggered.



Copper still fighting between several short and longer term patterns both directions.



Oil tanked Thursday, falling below 
the head for vW 69.20 but didn't close below, 
so technically it isn't nulled yet.
vM's to 57.15 and 54.65 are triggered
and vM to 50.68 formed.



The Dollar hit vM 92.295
vW to 94.940 is triggered.



The XLF hit vW's to 34.06 and 34.18 and so far pushed above.  
Still has a large longer term pattern to 44.96
Small vM to 35.56 has formed.



BTC has several short term vW's higher from 59590 to 60840.
Has mid term vM to 45916.0 and vW's to 64374 and 73351.
Also has bull flags to 71664 and 84788 that are working.
Click for Update



Lumber gapped down thru vM 942 and has formed vM 668.7
Still has large patterns higher at 1160.7 and 1338.9.
Longer term vM's to 124 and -94.3 have been nulled.




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