*Oil at $69, if this were to materialize, oil would have to close stronger then it is now by the end of the week, right now chances are oil at $69 won't happen at this juncture, as chances for a healthy pullback, or even a slam into the lower to mid 40's may have a greater chance of happening. Of course, oil's price is very important to the global economy and will even produce inflation as the cost of goods are forced to increase so it will continue to be closely monitored by me for any "signals."
Also technically, this may have been a failed wave 5 up as of yesterday...
Oil at $69/barrel was first talked of here - #msg-5112644
Market Data 
Markets 
AI
