This is the start of a very "short" day

The roll over has begun. The stochs are bottomed out for the most part and money flow is low. The big drop in the current candle, I believe is just the beginning. Oil has been up all week and has pierced the upper limit on the channel, but hasn't busted out. I believe we are going to see a drop all the way back into the $53s. If it goes past that, I expect it will bottom out around $51. Trade carefully and always use SL. Have a great weekend.

Yorum:

Correction: The stochs haven't bottomed out yet, still a little more room to go. Money flow has hit bottom. Will it bounce or remain low? Only time will tell.