Oil Reverses, SPY Retraces

Per my view and my signal last week, this retracement should be a surprise to no one.  We have OPEX and traders are way over their skis short.  As they are forced to unwind, it drives everything higher.  If those moving averages turn up, it will bring in trend following momos for a trade.

For oil, man it was simply due.  Enjoy the respite and get ready to short again really soon