Broader indexes like IWM shown by Roofer and MID below should show us the way in the coming days:



They were usually first to advance in the recent months and we'll see soon if this is the case this time as well

Common bulls - push for that last time!

Whoop, there it is! Whoop, there it is!

Jim's usual saying: 'Too easy'.

Seriously, sometimes they are so obvious it is borderline ridiculous.

Notice crude, which I've had a huge long side bias on since the 'dip' this AM. Notice the SL there.

Definitely an area of concern here in crude. Watching very carefully in here... It must push up hard in here, and I'm not feeling it. Otherwise, I'm happy with the move it has made already.

And another one of those goofy spikes, which sets the new high for the entire move off the correction. Like I'm surprised by that. As I mentioned...

Originally posted by jarek

Common bulls - push for that last time!

...and they pushed hard:

And as I like to say, now we see.

Notice that area stopped it dead, and it hung there for two hours, doing nothing. Hmmm, I guess that was an important area, huh?

Originally posted by jimkane

Definitely an area of concern here in crude. Watching very carefully in here... It must push up hard in here, and I'm not feeling it. Otherwise, I'm happy with the move it has made already.

Yeah, that 1338 rings a bell, but I confirmed the high by various sources and feel it is correct. I even checked several other contracts, but couldn't find that 1338. I've seen it before, though...