ZIG-ZAG ABC from ATH possibly ending at current levels in a downtrend channel
several major bull divergencies on larger timeframes
2008 super bull support zone
USOIL bears are burning out...this can be noted by looking at at the bullish divergence on the daily time-frame
Early 2016 has good strong signs of a bullish market in U.S Oil
However we must realized that the overall trend is bearish and that eventually the bulls will be coming back to continue the death of U.S Oil. The time the bulls will come back can be...
High-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could...
