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Alex - Chart Freak
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Alex - Chart Freak2016-06-09 11:04:382016-06-09 11:04:38June 8 – Coming TogetherWe've been discussing Oil and Energy among other things recently, and I wanted to mention what I am noticing in this sector lately.
WTIC - Over a month ago, I had a target of $51.60. I felt that Oil may struggle at the $50 area and pull back before moving higher. A drop into a Daily Cycle Low would be the red path shown. The Green path is possible too.
We do see that struggle at the $50 area, but here is something to consider...
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Alex - Chart Freak2016-06-08 12:10:292016-06-08 12:19:10June 8 – EnergyEverything that we have been discussing is still lining up. Lets review...
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SPX - I have been expecting a bullish rise since the lows in February, and a higher high after the DCL. Quite interesting that even after a very weak jobs report Friday, the chart remains bullishly lined up.
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Alex - Chart Freak2016-06-07 01:10:112016-06-07 01:10:11June 6 – Lining Up
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