The orange count in the S&P 500 CFD is compatible with our primary in oil prices (impulse with extended 5th). If this scenario occurs, both instruments would correct in tandem (with quarterly earnings reports?) after the WTI reaches $43 or so.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.