Tuesday, April 16, 2013

XOM rising wedge vs. SPY (weekly chart)

It looks like XOM may have broken the lower wedge line that has been supporting it and now implies I potential sharp drop to 70ies is possible. In the mean time SPY is adrift in the stratosphere above and ultimately will realign itself with XOM... or so I'm thinking but don't listen to me.. just my own thoughts here.

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