$SPX - Bouncy Bounce

SPX has bounced once again at the 50 day moving average. However, these bounces are looking too obvious, and thus prone to failure. SPX is likely to have an August swoon. Daily

$GUSH - Oversold First Time Since October

The sharp selloff in Oil materialized as expected. Crude has dropped and along with it Oil company shares. GUSH is now oversold and that is the first time since October. With a massive inflationary spike due next, GUSH has become extremely attractive. Daily

Crude Oil - Massive Wedge Pattern

Crude Oil has spiked out of a large scale wedge pattern. Price has coiled since 2008 and has led to the explosive move higher. This is an extremely powerful pattern. However, Oil may settle back short term to backtest the breakout before the next surge up. Monthly