With oil on track to our downside target, it suddenly shot up 4% from its overnight lows on rumors which were immediately proven false while failing to drop even a little on quite bearish API inventory. What else is new?
While SPX broke out of the tightest falling channel it had going, it still failed to make new highs. This says a lot about the kind of “market” we’re in now.
Our analog continued on track, with the biggest current question being where the next rise begins from.
continued for members…
Sorry, this content is for members only.
Already a member? Login below…