ERX - Breakout and a trendline backtest
I'm in this vehicle for a ong time.
It seems to me that the pullback is done. We broke out of the channel and have the testback.
If oil rallies on Monday price will soar after the gap open.
Slow Stochastic had just crossed up, RSI left overbought.
It's a long .
If the main indexes (S&P , Nasdaq, Dow) printed their bottom on Friday it will support the rally in ERX also.
It seems to me that the pullback is done. We broke out of the channel and have the testback.
If oil rallies on Monday price will soar after the gap open.
Slow Stochastic had just crossed up, RSI left overbought.
It's a long .
If the main indexes (S&P , Nasdaq, Dow) printed their bottom on Friday it will support the rally in ERX also.