Many sectors of the market look ready to break one way or the other. Can we gain an edge as to which way they will go, or is it just a coin toss? Lets take a closer look.
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Earlier this week I certainly thought that the markets were waiting for the Fed Decision on Thursday before making any big moves. Yesterday, Oil, Energy, and Precious Metals jumped the gun and were off and running! WTIC – The set up was a Bull Flag pinched between support & resistance. Oil is not waiting […]
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WTIC- I have mentioned all along that a drop to test the break out could come. The 50sma is in that area. OIL has been strong, and it did start to dip. Click on the chart & look closely, It is at recent consolidation lows, but could drop further.