Tomorrow are Earnings Announcements. Lets see where the market go. Trade pullbacks. Overall I think that we can still go to 2300 - 2350 level after trump inauguration. But trade what you see this are just my current opinions.
Price was rejected from 7000 line. On daily chart (A) is also Right Shoulder of possible Head and Shoulder. On 1H chart price is forming some pattern, there is also good chance for sell. So far looking good. Wait for FED decision to enter a trade
I am bearish on oil until price 30.00. I think that we are in corrective waves, and also possible Bearish butterfly in the making. If oil reaches the price of 30.00 and holds we could see big up trend, test of 50% fib and 1.618 extension and completion of butterfly.
Looks like completed bearish shark pattern. Looks like uptrend loosing power. Maybe hacks steal was the trigger for down trend.
On 1H chart we broke 240 MA, made pullback. We are on top of trend line, third attempt. If it holds we could go down.