Sunday, May 19, 2024

Week Ending 5/3/24: Stocks and bonds have retaken their 10 dma and macd bullish crossover.

 /ES has regained the 10dma and is testing the 50 dma with MACD curling bullish.
Has formed/triggered several shorter term vW's near all time highs.
Needs to hold recent lows at 4963.5 to avoid further selling towards vM 4850.25 to 4621.75



/RTY hhas retaken its 10dma with bullish MACD and testing its 50dma.
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 have un-triggered.
vM to1714.4 formed.



/UB has retaken its 10 dma with bullish macd,but still below the 50 and 200 dma's
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above dma's.



The 10 year fell below its 10dma with bearish macd and looks like wants to test the 50 and 200 dma's



Gold is consolidating after hitting longer term vW to 2416.1 with bearish macd and and forming vM to 2156.4 
Short term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962



Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are triggered with bearish MACD.
Has longer term patterns both ways.



The Dollar has fallen below its 10dma and testing its 50dma. 
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 istill battling 10 and 50 dma's
vM's from 38.7 to 36.78 have un-triggered.



Bitcoin fell nulling vw's higher but has bounced back above the 10 dma. 
Has a W to 77302 if can retake the 50dma.

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