Energy vs Financials

There is a big fight to take control here.

Energy wants to bounce because oil is bouncing, but financials and tech and pulling the markets down.

It is interesting to see that SCO is still high in terms of LEV pattern. This doe snot occur much and indicates that short players are still keeping their positions.

XME and the Canadian $ are up too. So, we might have a commodities bounce in the cards.
I suspect a fake bounce... So I'll short more if we bounce.


Pascal

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