The selling won’t be finished until we reach $50-$47 USOIL.
A selloff to $51 USOIL coincides with about $32 OILD If we go below that, towards 50, towards 47, we could see $35+ OILD.
For those of you who happen to see this, I’m legitimately curious, how many of you saw this selloff in USOIL coming at $66??
What I’m doing: Buy: anything below $28 really. 26 is good, 24 might not come but I’m gonna try for it. Sell or hold at $32, buy back/buy more on pullback to 27$, sell full @ $35+.
This is not investment advice, do your own due diligence.
Handel aktiv
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If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get the low again though...
If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get the low again though...