Sunday, June 13, 2021

Week Ending 6/11/21: Lumber down 40% from highs. Crypto ready to bounce???

The S&P hit vW at 4239.75 and made new ATH's,
nulling vM's 4013.75 and 3930.
Several short term vW's triggered along with longer term to 4394.75



Russell still looking bullish.
Just under ATH's and breakout for bull flag 3059.5



Bonds hit hort term vW's in the low 190's a 
couple weeks ago and are back at that level. 
vW from 193'25 to 199'25 are triggered.



10 year yield hit vM 1.434
Still has vM's to 1.363 and 1.162 that are triggered.



Gold has formed short term vM's to 1799.3 which is right at it's 50 ma.
Might be healthy if it test the 50 ma as vW's higher and the bull flag will remain intact.
Has pulled back some forming vW to 2184.9
Click for Update



Copper still kind of sideways, but MACD and moving averages are starting to look bearish.
See if price can retake the 10ma, otherwise expecting 4.1640



Oil has short term vW's to 72.24 and 75.64 that are triggered.
Longer term vW's to 80.82 and 114.07 are triggered.



Lumber is down almost 40% from highs.
vM to 609.5 is triggered with bearish MACD and ma construction.



The Dollar has retaken the 10ma and is just below the 50ma.
Has formed and triggered short term vW's to 91.285 and 91.945 



XLF is below it's 10ma and had new highs without MACD.
Could see a 50ma test, but bullish patterns remain in tact.



Bitcoin has triggered vW's from 41786 to 51973
Is above the 10ma and had new lows without MACD.



ETH isn't looking as strong as bitcoin yet, but could.
Currently just under the 10ma and neckline for vW to 4134.70
MACD looking like could turn positive too.



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