sp'60min
USO'daily2
Summary
*daily Oil chart is suggestive the down trend is likely ending... even if inventories remain on the high side. The bigger weekly cycle remains outright bearish.
--
A move >sp'2065 is clearly important.... and if so.. it merely confirms yesterday was just the market forming a baby bull flag... before resuming higher.
--
notable strength: AAPL
If there is one stock the bull maniacs need to see break much higher... its AAPL.
-
stay tuned... the EIA report is due at 10.30am...
-
10.30am.. net build. 0.25million barrels... one of the lowest in recent months...
Oil is choppy.. +0.7%.
Equities stuck at resistance.. sp'2062/63