SPDR S&P 500 (SPY)

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re oil










really think we consolidate here, more than any big moves. All the charts here are travelling together it appears. If this a bear market rally for a couple of weeks then oil will be up for a couple of weeks. I was thinking that we have a consolidation week from here with a bottom on Friday..... That big triangle will probably give us direction today on the SPX/oil so am watching the open. We are overbought on low volume so da boyz can do what they want with us. Earnings will have us everywhere....... I'd expect.