$USOIL - Oversold, but stay away #oil #SPX $SPY
Oil is vicious.
I recommend staying away - catching this knife appears challenging to swing.
Moving averages are about to collide, statistically this is saying in the bollingers that the trend down is VERY powerful. I don't think that much momentum is going to slow down too fast.
GL trading this long - I'm sure there will be a few of you.
I recommend staying away - catching this knife appears challenging to swing.
Moving averages are about to collide, statistically this is saying in the bollingers that the trend down is VERY powerful. I don't think that much momentum is going to slow down too fast.
GL trading this long - I'm sure there will be a few of you.
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