2 Days of Decline Erased

At 12.15 I got a buy signal on the s@p futures on the 15 min time frame. Once I got that buy signal the market never looked back. I have a buy signal in the daily charts on the SPY and looking for a buy back to try and push higher. The markets erased the last 2 days of declines. Still, if I was a long term investor I would looking to lighten up on any rally. I still think that the gap down to 16100 will get filled by early second quarter. Oil today was sharply lower — down 3 at one point before bouncing. Oil needs to hold 45.63 on the daily charts. Any close below that number will be very bearish for oil. Gold is negative on my daily charts and looking for gold to work off the oversold condition in the daily charts where I would look to go short.
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CEO of Cardone Enterprises, Cardone Capital, international speaker, entrepreneur, and author of The 10X Rule & creator of 21 bestselling business programs, Grant Cardone owns & operates seven privately held companies and a $5.2 billion portfolio of multifamily properties. Named the #1 marketer by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.


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