HAL Forecast 10/27/2015
Halliburton (NYSE:HAL) is in the middle of forming a complex correction and may test or create a false breakdown before likely reversing and heading back up into the blue zone.
Halliburton (NYSE:HAL) is in the middle of forming a complex correction and may test or create a false breakdown before likely reversing and heading back up into the blue zone.
(EUR/USD) is testing the bottom Ivory zone with substantial bearish power. Intra-day traders can watch for bearish price formations while multi day traders wait for a better daily entry to form.
Helmerich & Payne, Inc. (HP) is chopping its way through a complex correction. We will stick to the plan until a contraindication is seen, or the blue zone is tested.
The S&P 500 index proxy (SPY) continues to drift higher as it challenges the red zone. There is still some short term power to be digested before the bears come back in earnest, so we are expecting to see a retest or a slight push higher before a sustainable top can be built.