Oil

a couple trading days ago I thought OIL would have broken through higher and head towards $82. I still think it was a shake out and we will still hit $82

March 1st

The S&P 500 is in a coil right below the 62% Fib Retracement of the swing down off the highs in mid-January. This puts us in wait and see mode for the time being.

If we get vertical extension with volume, watch the enxt fib retracement at 1128 for the next stopping point. If we were to roll back over, we could continue on the road that started in mid January