I am short already but seems like S&P will take a couple of days to complete a-b-c extended flat pattern. Some few nice Fibo ratios and trendlines overlap in the target zone 1900+. Would not mind though if SP500 dives now and does not come back any time soon.
Looks like a fine bullish wedge. On a weekly chart one can see bullish engulfing bouncing off strong support area.
Goldman Sachs warned of $20/bbl potential. I recall they predicted $200/bbl just before the collapse in 2008.
Feels like strong buy to me.
Have read today that “the market goes up in an escalator but down in an elevator”