Quote from S2007S:
OIL
102.23 2.60 +2.61%
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Been a while since oil closed above $100, over 2 years!!!!
This is good for the bulls because when oil does sell off to around $90-$95 it will be considered a catalyst since gas prices will come down a whole 10 cents on average!!! So the next rally in the markets will be on lower oil prices which I think is coming soon unless the disturbance overseas continues on. If it ends tomorrow oil could easily fall over 10% pushing the markets to an easy 1-2% rally!!!!!!! So get your rally caps on this market should be zooming higher on lower oil....
Quote from tradingjournals:
Which gap would close first: the last week down gap, or today up gap?
QQQQ at 58.28, and retesting 58.29 high. My models are telling me that the upside for today is limited. May be a correction would allow for a rise later in the day.
