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S&P 500 stuck between a rock and a hard place

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It looks like the kick-back rally may well be over for equities with the major European stock indices hitting fresh lows as we go to press. The contingent agreement to freeze oil production at or near record-high January levels between some of the large OPEC and non-OPEC members this week failed to lift the oil market decisively. Although WTI prices appear to have jumped today, this is only because of the contract roller over (i.e. the April contract was trading significantly above the

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