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Lets take a look at what appears to be some good energy.
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WTIC -
As expected, Oil is following through to the upside. Sitting near the August highs, it could form a handle on this mini cup , or it may just power higher to the June highs.
Read MoreOur recent weeks of trading have had a lot of sideways chopping action. My last report discussed how that was ending in Oil, and I think that the choppy action is about to end in the general markets too. Lets go to the charts.
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SPX - As price approaches an Apex we should see a nice break out and run. There is a lot of pressure built up in this consolidation. A break down could get ugly fast, but this leans bullishly at this point.
SPX WKLY - This looks similar to the 2011 sell off, break out and back test in 2012.
Read MoreLets talk about the current window of opportunity
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WTIC - Wednesday I said that this break out looked legit.
WTIC - And Thursday we saw follow through, but...
This is what I really want you to see ...
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