The sell off in oil continues to drag the market down . The S1TH is at 68 % , but 2/3 supportive indicators are negative. As per the rules of this system, long positions should be closed.
Chances are will see oil at or below $50 this week. I t will be very interesting how investors react to this. Also keep an eye on treasuries and the mighty USD.
Have a great trading week.
Cheers
Algo
Chances are will see oil at or below $50 this week. I t will be very interesting how investors react to this. Also keep an eye on treasuries and the mighty USD.
Have a great trading week.
Cheers
Algo
