Sunday, June 20, 2021

Week Ending 6/18/21: Nasdaq new ATH's and >10/50ma's but w/out MACD. Several things looking ugly.

 The S&P has fallen below its 10 and 50 MA's.
Formed and triggered vM to 4103.
vW's from 4273 to 4410.25 are still intact 
unless we break below 4029.25



Russell took fell below 10 and 50 MA's as well.
Overall thesis remains intact unless we take out 2084



The NAsdaq hit new ATH's with out MACD, buy is above both 10 and 50 SMA's.
Nulled vM 11684.25



Bonds hit vW 193'25 and are just under vW 195.
vW to 199'25 has been triggered and short term
vM to 172'30 has been nulled.



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



Gold fell 5% for the week falling through all MA's and vM 1799.3
Also formed and triggered vM's to 1707.1 and 1626.3



Copper fell with gold falling under its 10 and 50 ma's.
Formed and triggered vM's from 4.0115 to 3.4480



Oil hit short term vW at 72.24 without MACD(bearish)
vW to 75.64 is still triggered.



Lumber is down over 50% from highs.
vM to 609.5 is triggered with bearish MACD and ma construction.
Currently testing it's 200ma.



The Dollar jumped 2% this week hitting short term vW's to 91.285 and 91.945
Also formed and triggered vW's from 93.325 and 94.165



XLF fell hevily Thursday and Friday closing down over 6%
vM's from 35.0to 32.17 are triggered.



Bitcoin needs to hold 31,100 
to avoid nulling vW's from 41786.89 
to 51973.44 and ultimately 29721.88, 
otherwise expecting 16021.58


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