Midday Update: 2022-18-22

Is crude telling us something?

Nov 18, 2022

∙ Paid

Crude Oil

CL broke through all the short-term supports I put on the intraday chart last night this morning. Now acting like it is in a (III) of [III] of iii down. CL did test a wave (III) target at 77.70 and thus might be bouncing in wave (IV) now. Typical wave (IV) retrace targets at 79.95 and 81.10.

S&P 500

Interesting that …

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