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Trading has been amazing, and there are still some set ups that we can examine. Lets get to it...
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WTIC - Starting with OIL, this looks set up to pop. I pointed out a possible bottom in oil a couple of weeks ago , and I mentioned that when Oil broke to new lows, some Oil stocks like WTI had higher lows and held up nicely.
Now look at this ...
Read MoreThe markets are basically moving as expected, so without a whole lot of change, there isnt a whole lot to talk about. We'll do a quick market and then discuss some trade ideas.
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SPX- Good follow through.
I've been discussing a rally for 2 weeks now, but where do I think this is heading?
Read MoreThe markets have been quite volatile and choppy, and that can be difficult to trade. At chartfreak, we've been focusing on bases and up trends, so lets do a market review and discuss this further.
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SPX- I've been saying that I expect higher price, but this has been quite choppy. If we dont get a surge higher soon, this could become an overbought bearish rising wedge.
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