Sunday, February 27, 2022

Week Ending 2/25/22: Russia invaded Ukraine. Many stocks fell below Jan lows but have bounced creating several double bottoms.

The S&P  broke below Janurary lows on Thursday but had a strong rebound. 
Has formed and triggered vW's 4512.75 and 4649.5
If can maintain an uptrend, it has a double bottom to 5057.5



The Russell teste below Jan lows, but didn't close below.
Has short term patterns both ways.



Bonds attempted to rally this week but failed.
vM's 172'28 and 169'05 are triggered.



Gold hit vW 1964.5 and longer term vW 1958.4
vW to 2038.6 is triggered.



Oil jumped hitting vW 105.08
vM's to 83.08 and 79.07 have been nulled.



The dollar rallied above Jan highs, but closed below.



Banks hit short term vM 37.27, but had a big bounce.



Bitcoin fell through vM 37421.80 but didn't break Jan lows.
Has formed short term vM to 22002.42
Also note that it has untriggered longer term vW's higher.



ETH hit vM 2388.69 and formed short term vM to 1245.99
Like BTC, ETH has untriggered longer term vW's higher.







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