No reasons for bullish trend in macro terms. Also in short term we have some price targets : 89,90 ...but no bullish signs. SHORT at 88 ( SL at 94 ) - ( TP 85 ) - probabilty winn = 80% SHORT at 89 ( SL at 94 ) - (TP 87 ) - probability winn = 90% SHORT at 90 ( SL at 94 ) - ( TP 88 ) - probabilty winn = 96%
$NEX is one of the strongest O&G runners when the industry group broke out of base in mid jan. past 4 session went through a -10% correction with the latest pin bar posing a new opportunity for an entry based on mean revision setup looking to bounce off its rising 20MA, again
XOP has been bullish and grinding higher. Playing consolidation at lower prices via options and DRIP etf.