Sunday, May 16, 2021

Week Ending 5/14/21: Crypto needs to hold recent levels

 The S&P had an ugly start for the week
and nulled some vW's, but ended back near the highs.
Has formed and triggered vW's from 4223.75 to 4273




The Dow had rough start as well. 
Has longer term vW's to 38449 and 39766







Bonds traded similar to equities.  
Still has shorter vW's triggered.





Gold hit short term vW's to 1798.8 and 1833.8
and still has several higher that are triggered.




Oil has been grinding higher.
Has short term patterns both directions.




Lumber finally had a bad week. 
Formed and triggered vM to 1253.2 
which was a prior support level.



The Dollar needs to hold 89 to avoid further selling towards 86.





XLF sideways action formed another bull flag to 41.41
Also has large longer term patterns to 39.85 and 44.96



Bitcoin has triggered vM's from 43467 to 29721





ETH needs to hold recent lows at 3340 to avoid
further selling towards vM's from 3237.99 to 2377.16
If can bounce, has bull flags to 4837 and 6160




Doge has formed vM's to negative territory.  
Needs new highs to null.





Holy




HEX is sitting between necklines for .0815 and .0170
Also has a bull flag to .11



















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