PMO locked with apex approaching
When the SP started moving up and broke into LEVEL 2 (+ positive OIL news) hit ~34 and was rejected. Then we had a clear inverse head & shoulders LONG pattern but were rejected by the big gun once again. At the moment we're approaching the apex. On one hand we see that the buyers are very strong everywhere in the 20s and on the other hand, the sellers are defending the 34 level. Will the SP be able to break 34 and continue the uptrend? Please post your thoughts in the comments! PMO is pivoting on the BRENT/OIL price situation which remains unclear... no definite long/short.
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