Sunday, May 19, 2024

Week Ending 5/17/24: S&P, Nasdaq and copper made all time highs, with the Dowand XLF close. Russell has a ways to go.

 /ES has made new ath's with bullish macd and ma construction.
Has nulled shorter term vM's lower.
vW's to 5656 and 6045 are triggered.


/RTY is in an uptrend, but still 15% away from ath's. 
Above 2167 will null shorter term vM's lower.


/UB sitting at the conjunction of major dma's.
Needs to get above the 135 area.


The 10 year is at dma's conjuncture as well.


Gold looks like it wants to test ath's again.
Short term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962


Copper has made new ath's and nulled vM's to 2.7795 and 1.9895


Oil hit short term vM 76.78 and MACD trying to curl up. 
vM's to 76.78 and 74.42 are triggered with bearish MACD.
Has longer term patterns both ways.


The Dollar is at ajor dma's as well. MACD still bearish.
Has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
vM to 97.165 remains triggered.


XLF just under ath's
vM's from 38.7 to 36.78 have un-triggered.


Bitcoin has retaken its 50dma with bullish MACD. 
Has a W to 77302 and vW to 78654 is triggered.

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