Dow should see a C wave to lower low to Monthly P for a 700 point drop to current price. However, its a good possible trade, the better trade was to be in from yesterday.
Looks like oil may correct slightly for the next of the week due to low volume and the holiday
Looks like Oil may take a 2-3 day breather for a tiny correction. been a good run negating the believe that its going to fall on a major cycle change. However, with the report tomorrow and just low volume it may just correct for the rest of the week.
Looks like oil may go up for the final W5 to around the 50DMA on the monthly around 60.
Turns out you might want to consider revising your cycle scales. I say this because since the beginning of summer reset. scales have been rather hard to figure out. there is a new normal. todays bullish action was a clear indication Oil is going higher and I am now convinced the end game is the 50MA on the monthly. which lands right around 61ish right now. ...