need to see close above 1.74 for target of 2.32
XLE - down 1.6% now (XOM, CVX earnings)
it seems though carnage continues....
we need to see close above 8.5 today and we may have rally in cards to 12 if not more (8.8 would be nice close)
AND as highs 2 can be touched too
knocking 9(s) today - 10.5 as highs possible sometime tomorrow
prepare for low 30 or even 29(s)
we will see 34-35 quickly otherwise next level is 30-30.5
seems like gift for shorts to cover right now
and i'm out - damn..
and then 40(s) tomorrow
For once, Close on a high note - break that 1.65 for close....
but then lets see what ER brings -
technically bullish if it happens
36.75+ close would be nice but then it's all about earnings now
if not more - kick in
will wait and see if it sees HOD over 8.2+ and will be adding on any pullback in 7(s)
7.8+ and covering will start but then i need 13.5 for break even..