Tuesday, June 11, 2024

Week Ending 6/7/24: S&P and NAsdaq made new aths nut the Dow and Russell looking ugly. Gold and Oil below major dma's

 /ES has made new ath's again.
Has formed short term vM to 5311.75
vW's to 5529.5 to 6045 are triggered.


/RTY  is below all dma's
Has short term patterns both ways. 
MACD has turned negative.


Bonds rallied for the week but closed back below the 200 dma.
dma's construction looks bullish unless price drops heavily.


Gold fell heavily Friday triggering vM to 2190.9
and dipping below the 50 dma.


Oil hit vM's to 76.78 and 74.42 hit.
Is currently below all dma's 
Has longer term patterns both ways.


Bitcoin has retaken all dma's with bullish MACD. 
Has a W to 77302 and vW to 78654 is triggered.
Formed vW to 87152

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