Sunday, August 25, 2024

Week Ending 8/23/24: S&P and the Dow close to ATH's

/ES has formed and triggered vW's above 6K.


/RTY has formed vM to 1717.2 as well as vWs 2184.9 and 2240.5
vW 2363.7 is currently triggered unless we make new lows.


Bonds rose above the head last week for vM's 116'07 and 100'26 
but didn't close above so aren't nulled yet.
MACD looks like could be turning negative.


Gold looks like it wants higher. 
vW to 2929.7 is triggered and bull flag to 2962 is still intact.
Several short term vW's from 2596.3 to 2637.6 are triggered as well.


The Dollar has hit vM 101.440 and  triggered vM's 100.175 and 93.310.


The XLF made new ATH's.
vW's from 44.96 to 55.34 are triggered.


Bitcoin hit vM 56,833 and so far bounced.

Sunday, August 11, 2024

Week ending 8/9/24: Markets fell heavily on Japan interest rate cuts.

 /ES below its 200 ma on Japan worries. 
It fell through vM's 5296.5 and 5262.75.
Has formed vM to 4622.25 and if breaks Mondays lows, will be triggered.
Also formed short term vW's to 5581.5 and 5646.75



/RTY fell as well through vMs 2076.5 and 2029.1
Has formed vM to 1717.2 as well as vWs 2184.9 and 2240.5
vW 2363.7 is still currently triggered unless we make new lows.



Bonds also declined with the majors. 
vMs to 154'12 and 122'16 have formed.
Still has large patterns both ways.


Gold looks like it wants higher. 
vW to 2929.7 is triggered and bull flag to 2962 is still intact.



The XLF fell through all ma''s, but is back at the 10 ma


Bitcoin nulled shorter term vW's highs, but still has larger ones.
vM to 43,971 is triggered.




Tuesday, August 6, 2024

Week Ending 8/2/24: Markets fell heavilly Friday

 /ES fell to its 200 ma.
vM's 5296.5 and 5262.75 are triggered.


/RTY fell to its 50 ma. 
vMs to 2076.5 and 2029.1 are formed.


Bonds shot up this week hitting vW 133'14.
vW's 138'24 and 161'03 are triggered.


The 10 year yield fell hitting vM 3.657%
vM's to 3.224% and 2.552% are triggered. 


Gold hit vW 2497.7
vM's to 2318.1 and 2225.1 have been nulled.
vW to 2929.7 is triggered.


The Dollar has triggered vM's 101.440 and 100.175


The XLF is testing its 50 ma.
vM to 41.41 is triggered.



Bitcoin has been in a sideways range but has triggered vM to 43,971