My 2 cents, as you can see from the chart above, crude oil has an intrinsic character where it goes to around 0.786 Fibonacci level after a new bottom, I expect crude oil to reach 60-62 $ in the coming weeks. It might go further upto 67.3 where there is an important resistance level. This analysis holds true only until the scrip does not break the very important...
My 2 cents, if SPX fails to close in the day chart above the recent top which is at around 3030(3030-3060) where there is a strong resistance zone, I believe it will go till the resistance zone before coming till around 2900 after which it might start to rise up again. As you can see from the chart, SPX seems to have a "character" where the retracement after a...