Replies to post #180649 on SPDR S&P 500 (SPY)

[thefranchise]

It was good news though.. Less of a build than anticipated. No one pays attention to me :_(

[imiloa]

oil definitely bullish since the EIA petrol report.
UWTI 2min ADX gapped wide bullish since 10:30
despite the doubling of oil supply.

meaning the market seems to strongly agree with your sentiment that oil should rally higher.

if a winter cold snap hits (jacking up heating oil demand)
we could see a quick burst in oil.

we'll see.

[imiloa]

UWTI found support at 2.09, still nicely up on the day,
with a decent 5-day upward channel since last week.