The **S&P 500** index has recently confirmed a **head and shoulders** topping pattern, which suggests an **exhaustion of buyers**. Let's break down this pattern:
1. **Head and Shoulders Pattern**:
- The head and shoulders pattern is a classic price pattern that indicates a potential reversal.
- It typically consists of three phases: **setup**, **trigger**,...
NYMEX:CL1! Long on oil. OPEC holding strong,Hot economy, supply and demand imbalance, demand growing
Short term target 30 days' $87. 90 days out $89 plus. COT reports favor higher prices.
