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 …
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.