Still seeing this massive IH&S forming and crude oil. I am watching WLL & OAS and few others bottoming today and looking ready for another push higher. But part of me thinks the next push will be a LH on HTFs B4 crude slams down to $20. Weekly RSI on many stocks r in overbought territory and that will probably be the final shake out. Hourly RSI up to daily r way oversold, meaning there is a nice bounce coming B4 the weekly RSI resets all indicators.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.