Oil on the move to 76, and possibly further. Tighten those britches.
CVRS - Breakout candidate - completed diamond bottom - look for new highs.
Head and shoulders forming takes us to 2740 range IMO.
If this diamond continues to form, we could see sub 2400 retested within a matter of days. Very speculative idea, but one i wanted to share. Overall there is a larger diamond forming IMO on ES and reminds me of Apple chart in early Oct. s3.amazonaws.com
The pattern is there. Follow it.
Right before the close, I purchased QTY: 30 PUTS on XLF - 28.50 strike for 2/23 on Descending Triangle Continuation. This is my way of shorting SPY right now as options are still too expensive for my liking. XLF correlation with SPY has been very strong.