Monday Update – SPX, RUT and Oil

Based on feedback from the last video update, we will be posting video updates 2-3 times a week to explain the charts we post in this site. Today we focus on the previous posts regarding the Russell, S&P and Oil.

SPX – two zones to watch this week – 42-38 and 28’s – expecting a decent bounce to 90’s or so then lower prices. More later this week. Watch for divergence to maintain itself.

RUT – 1222 likely support area with extension at 1215 – divergence here must maintain itself also.

CL – Called a 5-3-5 structure two weeks ago and it has played out beautifully. Looking for a turn here and a trip to 64’s minimum.

Next Video Update on Wednesday.

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