WTIC Crude Cycle
I mentioned in my CRB post last Friday that it looked like Crude Trading Cycle had topped here.
I shorted Crude with SCO on Monday and added today on the back test of my two lines (lower Blue Channel and Red downtrend from January). I plan to be careful here as Crude has a wide timing band for TC Lows but I think we will likely get at least a 38% pullback into perhaps mid-April
WTIC Crude Cycle Chart:
SCO Chart:
Thanks Surf City…Also, FWIW, this 38 percent retrace would be the start of a 3rd wave up…