The market has continued its consolidation and there is a triangle in place that could result in another bearish leg to test the 2242-2248 support area. I was hoping to a lot more downside prior to a Santa Rally but this might not get much lower before the next leg of the rally starts. So if support is hit, I will be going long with a short stop. I also ended selling my oil position today for a decent profit and will buy again if I see a good set up.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish