By Poly

This is an excerpt from this weekends premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.

Cycle Counts

Cycle Count Observation Probable Outlook Cycle Clarity Trend
Daily Day 41 Range 36-42 Days (1st Daily Cycle) Bearish
Green Down
Investor Week 8 Range 20-24 Weeks Bearish
Green Down
4 Year Month 10 Range 48-52 Bearish Green Down

Unlike equities, crude oil did not make a new high yesterday with the FOMC announcement, falling slightly behind and creating a mini divergence.  It could be that crude just fell too far behind earlier in the week and is playing catch up.  Either way, this move off the $26.05 lows just 5 weeks ago looks to be really extended now, and a solid DCL cleansing is now needed.

3-17 crude daily

 

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