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I called for yesterday to be an impulse day for the oil ETF (USO). Though USO closed at the low of the year I wouldn't call it an impulse day, so I ran the cycle analysis on the USO 1-hour chart and it's calling for something to happen around 11:30 a.m. today (1-1/2 hrs from now). We shall see.
In addition, I ran the cycle analysis on the S&P 1-hour chart. It is calling for something to happen around 12:30 p.m. Friday. Again we shall see.
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