Wednesday March 25, 2015
The drop today was impressive but not conclusive, still evidence mounts that a change is in the air.
We need a weekly close solidly below 17,200. someone has come to the rescue on each of the previous breakdown attempts.
It is lower but a trend breakdown has not yet occurred.
Crude is up on the lower dollar. And a PAR SAR buy signal was generated on the daily chart. Still crude is range bound would need a close over 54 to really get things going.