US equities are still unable to bounce. Meanwhile, WTIC is currently -1.7% in the $83s. The energy sector ETF of XLE is currently net lower for the week by -4.2% at $86.46.
USO 60min
XLE weekly
Summary
WTIC/USO: oil printed $82.56, as much of yesterday’s upside reversal has been negated. The threat will be a hyper spike in oil to psy’ $100.
XLE: energy stocks are sig’ lower, partly main market, partly oil. S/t bearish into next week.
notable stock: OXY
Fairing far better than the sector.
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Equities: sp’60min
A new cycle low. The micro 5/15/60min cycles remain oversold.
I should NOT chase lower. If I have to wait into Friday… I ought to.
Right now, this is beyond… annoying.