oil has bounced off 50ma with high volume. short term bear trend has been brocken the bigger bullish trend has been preserved.
china bear is in the buy zone for a reversal a close above 27.77 should confirm trend
the $SPX just bounced of major resistance, meanwhile.... 3xbear ETFs are looking like a bargain.
Double bottom formed with price closing above its 3 month high of 15.87 all on strong volume.
All oscillators look green now looking for a long bias trade setup.
mining and petrol sector rallying going long on 6 value stocks currently showing signs of strong momentum
$TRQ $SWC $FXC $F $CMRE