Every touch of the trend line has been followed by a smaller spike then a much larger one. Most recent touch was a false breakdown and quick rebound just above the trendline... Crude oil typically rises and falls with equities. USOil just fell from $58 per barrel to $55 per barrel on Friday (5%). Expecting equities to be very close to a top and should move down a decent amount...
Thanks for checking out this idea. Open to constructive critiques or questions. Feel free to like and follow!
Thanks for checking out this idea. Open to constructive critiques or questions. Feel free to like and follow!
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WOW. Just realized I have this chart labeled as a short... It should have been a long as I am SHORT EQUITIES