End of the bubble you ask…. perhaps it is. It’s clearly acting impulsively bearish isn’t it. Here’s a chart with a speculative count I did on Friday morning. Since then it’s done the little blue 4 up and is into the 5 down today, the CL V6 hitting 60.60 this morning. 59.00 should be good support and coincide with 5 completion for the abc correctives up to perhaps 63.00. At that point, potential is high for the bigger red 5th down to a trucated 5th to 59.00 support for the bounce and bullish recovery…..or new lows sub 59.00.
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