Good morning, and welcome to today's issue of Energy Investor Daily! As the market grinded higher from the mid-June bottom, my students and I were looking for overhead resistance. You see, just because we're in a bear market doesn't mean the market won't have periods when it rallies. During the dot-com market bust that started in 2000, for example, there were four different 20%+ rallies within that bear market. Now, I'm not ready to say the market is going higher or lower at this point… But I am seeing some warning signs on the charts, which is what I want to cover today… |
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