Sunday, July 28, 2024

Week Ending 7/26/24:Russell, Dow , XLF outperformed while Nasdaq and MAG 7 took hits.

 /ES hit 5452.5 and retraced alot of the gap 5427.5 but didn't fill it. 
Has formed vM to 5202.75 and vW 5607.5


/RTY has a bull flag formed to 2523.3 and vW to 26426 is triggered.
Also has smaller patterns both ways.


Bonds still basically sideways with patterns in both directions.


Gold just missed vW 2497.7
Has formed vM's to 2318.1 and 2225.1


Oil is under it's ma's and the 10 ma is now under the 50 and 200 ma's.
Several vM's across different time frames arre triggered.


The Dollar has been moving sideways along with its ma's.


XLF has formed a bull flag to 46.11 if can break above 44.11
vW's from 45.57 to 55.34 are triggered.


Bitcoin has patterns both ways, but is near ath's.
If can break above ath's vW to 119,960 will be triggered.


MAGS gapped down and hit vM 44.02.
vM to 41.58 is triggered.
vM to 36.58 has formed.

Sunday, July 21, 2024

Week Ending 7/19/24: Biden dropped out today(7/21)

 /ES has fell under its 10 sma.
Has formed vM to 5452.5
Longer term vW to 6045 is still triggered.



/RTY continued its rally hitting several vW's, but gave back alot of the gains Thurs and Fri.



Bonds still basically sideways with patterns in both directions.


Gold rallied early in the week making new highs but ended up giving it back.


Oil fell under its ma's, however they are quite consolidated.
vM to 66.33 has been triggered.


The Dollar is testing its 10 ma.
If can get above it vW's higher will be triggered.



XLF made new ath's.
vW's 45.57 and 53.94 are triggered.


Bitcoin has continued its bounce and is above all ma's.
vW's to 72,750 - 78,654 are triggered.

Week Eding 7/12/24: The Russell was up over 6% while the Mag 7 was under pressure.

 /ES hit longer term vW 5656 and shorter term vW 5700.5 and so far reversed.
Has formed short term vW to 5780.5 and vM to 5633.25


/RTY rallied over 6% while the Mag 7 were under pressure.
Has nulled short term vM's lower and triggered vW's 2202.2 to 2363.7


Bonds still trading sideways with patterns both ways.


Gold rallied again this week with positive macd and just under all time highs.


The Dollar fell heavily this week and under all ma's


XLF made new ath's but hasn't closed above yet.
vW to 45.44 is triggered.



Saturday, July 6, 2024

Week Ending 7-5-24: Magnificent 7 continue to carry markets. SPXEW looking ugly.

/ES is above all ma's and just below vM 5656.
vW's 5700.5 and 6045 are triggered


SPX Equal wieght looks more like the Russell,
which looks ugly and looks like it wants to roll over.


Russell continues sideways but is falling below ma's.


Bonds trading sideways as well. 
Smaller patterns triggered both ways.


Gold rallied this week with macd curling up again. 
Looks like wants to test all time highs again.


Oil bounced after hitting vM 74.42
Has longer term patterns both ways.


The Dollar is testing its 200ma. 
MACD is curling down.


Bitcoin fell through vM's 30,046 and 55,978 but just missed vM 53,341.
It also nulled vW 87,152
If doesn't continue bounce from here, 
it will likely see 48,841 and 43,971