momo rotating back the the oil sector
Updated
All in with stops at $41... oil is going much higher soon.
strong bullish movement here with constant rejection at $41
It looks unlikely that we might see an September/October market crash if oil starts its next big leg up here, which is historically volatile.
Any confirmation of uptrend may easily bring SDRL beyond $5~7. This is a pretty nice proxy to play on the uptrend, given the close proximity to SDRL's previous low for a safer & leveraged long position.
strong bullish movement here with constant rejection at $41
It looks unlikely that we might see an September/October market crash if oil starts its next big leg up here, which is historically volatile.
Any confirmation of uptrend may easily bring SDRL beyond $5~7. This is a pretty nice proxy to play on the uptrend, given the close proximity to SDRL's previous low for a safer & leveraged long position.
Note
SDRL update. Seating perfectly above the bear trendline.$5~8 target over the next few weeks to months...
Note
Breaking up. Daily bullish engulfing pattern
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SPY daily. Beware of incoming risks from US market.
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Breakout.
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Still holding SDRL :)
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