There is a small bearish ascending wedge on the 5 day 1 minute chart. We have also retraced 50% of the 6/11 high. Daily stochs are currently neutral.
Possible head and shoulders forming...
VIX:SPX has hit its trendline, so I expect a rebound here. Though the MACD looks worrisome as it looks to cross over.
BPX:CPC finally crossed so I expect us to revisit the low long term.
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