"Golden Cross" of SMA 100 intersecting the SMA 111 acts contrarily to standard Golden Cross implications and could signal a correction as seen in January. As the relationship decreases in price, Crude down, DRIP up. Looks like it might break down vs SMA 350 (gold colored line) as well. An answer should be given within the next week given prior timelines.
Comment:
Today is the type of move that follows the immediate cross. It is extremely risky trying to time the high/low respectively, but I am nibbling during a period of weakness and can risk the smaller loss in anticipation of identifying a change in trend. Normally, I would wait until having more confirmation, but the beginning move could be sharp.
Comment:
Support in Drip looks around low 4.30's. Being a little bit cautious
Comment:
Looking good so far as the bullish move (in the relationship) that was anticipated looks to have completed.
