spdaily5
USO'daily2
Summary
*for now, I'd dismiss the opening black-fail candle in Oil, although clearly, mid term, the gains are unsustainable. Supply cuts need to be severe, and those look some months away.
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The post FOMC bearish hysteria is quickly fading away.
With price structure as it is, a weekly close >1920 looks probable, although that won't be easy, as the market has to cope with a reminder tomorrow morning that growth is slowing.. if not an actual economic contraction.
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notable strength, FB
Breaking above resistance, but then earnings were actually very good.
*I wonder how many retail amateurs were trying to short that one for earnings... on margin. No doubt, some are covering for their lives right now.
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time for some sun...