* This information is intended for educational purposes and does not constitute a recommendation to buy or sell.
SPY
Summary:
- Monthly Mode= Neutral
- Weekly Mode= Bull Range
- Daily Mode = William %R Exit on Thursday. Now %R Neutral.
- Support at 105/106 likely to hold.
QQQQ
Summary:
- Monthly Mode= Neutral
- Weekly Mode= Bull Range
- Daily Mode = % R Neutral Range at Present
- Support held at 44. Support also at 45
DIA
Summary:
- Monthly Mode= Neutral
- Weekly Mode = Bull Range
- Daily Mode =%R Bear Exit. Now %R Neutral. Would need to close below 99 to reconfirm Bearish. Not likely.
- Likely Support at 98.5
VIX
Summary:
- Monthly = Bear Trend
- Weekly = Neutral
- Daily Mode = %R Bull Neutral Range
- Volatility came back to test the 30 Level, so far 30 held. Volatility stabilizing in the 30’s
- A weekly close below 30 would be a bullish sign for the market for me.
OIL
Summary:
- Monthly Mode= Neutral
- Weekly Mode = Neutral.
- Daily Mode = William %R Bear Trend. %R Retest on Thursday fortnight ago. A close above 24.98 would signal an exit.
- Next possible Support at 22.5
GOLD
Summary:
- Monthly Mode= Neutral
- Weekly Mode = Neutral
- Daily Mode = Williams %R Neutral.
- No real trends with gold at the moment.
US Dollar/AU Dollar
Summary:
- Monthly Mode= Bull Range
- Weekly Mode = Bull Range
- Daily Mode = William %R Exit on Thursday. Now %R Neutral
- Currently support at 82 held
US Dollar / GB Pound
Summary:
- Monthly Mode= Neutral
- Weekly Mode = Bear Trend – %R Bear confirmed this week
- Daily Mode = William % R Exit on Tuesday. Now %R Neutral
US Dollar / Euro
Summary:
- Monthly Mode= Neutral
- Weekly Mode = Bear Trend
- Daily Mode = William % R Bear Trend
- Euro very weak- Beginning to accelerate.
All Ords
Summary:
- Monthly Mode= Neutral
- Weekly Mode= Neutral.
- Daily Mode = Williams %R Neutral
- Testing Resistance at 4500
Multiple Time-frame Analysis
MTF Summary:
- Markets according to my analysis appears to to have bottomed, there have been some extremes in sentiment which support this.
- US & Australian indexes still with a lot of mixed mode signals across the Multiple Time-frames, I am still neutral on the Market.
- Saw likely Bearish volume exhaustion in the US markets, although I have a neutral bias at present, I am expect a strong rally early this week. Waiting and watching
- Australian Index is one of the strongest at present, along with the Nasdaq, which suggest the Stock Market may have bottomed in the short term.
- Currency Bearish, Oil is bearish, Gold doesn’t excite me as yet