Huge move in China has almost completely reversed for most names, a lot of large caps stuffed into highs with some clear distribution.
OXY lovely bounce yesterday, but it’s OXY so we’ll see how she acts today. XLE needs to hold this 90-91 level In order to keep the bull flag intact and could offer a really nice R/R play, the entry I’ve been waiting for.
My thoughts on the rest are unchanged, solely focused on where the market could go next vs attempting to short here.
$BLDE – Remains on watch if it can get a little tighter. With the moves in EVOLs it makes a LOT of sense for this name to move..
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