Well, after actually having a decent day on Thursday, I was bracing myself this morning when, at 4:44 a.m. (my daily wakeup time; thanks, Coda) I grabbed my iPad to see how my mood watch was doing. Red or green? The answer: red, and quite so! Wow! If this actually sticks, it will be the first set of back-to-back down days since the signing of the Magna Carta.
It was just in last night’s video that I was touting the importance of breaking through the various support levels in crude oil. Well, goal was one already accomplished! We’re beneath the red horizontal, and as I type this we’re rammed against the bottom of the wedge. Let’s see if we can manage to break that sucker. If so, it opens us up to the mid-40s.
