$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

$VIX - Long Term Support

VIX has retraced to the level of February 2020 prior to the pandemic. VIX is now at long term support. A reaction may not be instant, but it will react to this line as it has in the past. Monthly

OCGN - Short Term Targets

OCGN dipped last week with the announcement that they would apply to the FDA for a full approval rather than emergency use of their Covid vaccine Covaxin. The WHO is currently reviewing data from Covaxin and likely to approve the vaccine given that it is already in worldwide use by many countries. Daily

$GUSH - Testing Previous Peak

Energy shares continues to be a hot sector. GUSH is now testing the previous peak. Oil is a top sector in focus for coming months. Daily

$SPX - Double Bottom

An observation since November SPX has made V bottoms every time. The most recent bottom is a double, and that is a sign that the index is getting weaker. There's resistance overhead so if it rises it will be a slow grind. Daily