S&P 500 may be about to enter 3rd of 3rd elliott wave style with a target of 1990. Probably a month with some volatility likely. Specific choice players on the downside are BBY and BA. BA has an especially classic look for retrace down to prior 4th wave triangle apex at 130, though it may have a fifth wave to 160 first.
SXL made the initial drop I previously mentioned but now may stall around low 40's. In fact oil stocks look poised for 10-20% run up if they close this week and early next week strong. HAL to 55, CVX to 116.
SXL made the initial drop I previously mentioned but now may stall around low 40's. In fact oil stocks look poised for 10-20% run up if they close this week and early next week strong. HAL to 55, CVX to 116.
