Chart Setups & Market News 7/12/2017

After the market closed today., their was news of downward revision Oil inventory to 495.6 million barrels  which is a decrease of 8.1 million barrels and a change in expected U.S. oil production. As a result of this, Oil has risen over 2% in aftermarket hours. Whether or not this is a change in momentum is yet to be determined.
Considering the current state of the energy sector and our chart set up for REXX, this could have a big move or a medium time frame.
Chart Set Ups:

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Education Partners

<img class="size-full wp-image-615" src="https://www.momentumtradersunite.com/wp-content/uploads/2017/06/TC2000-logo_195.png" alt="TC2000" width="196" height="23" />Artificial Intelligence   My Testimonial for WarriorTrading.com After loosing 20K with  other trading membership sites claiming to make me a millionaire I decided to take a chance with WarriorTrading.com. Warrior Trading didn't just give me trades they gave me the tools to learn how to trade and that ... Read more

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SECTOR ROTATION & BUSINESS CYCLE

Sector Rotation Analysis attempts to link current strengths and weaknesses in the stock market with the general business cycle based on the relative performance of the nine S&P Sector SPDR ETFs. Once you have identified the strong and weak sectors, you can the compare the results to a theoretical business cycle chart and - hopefully ... Read more

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Momo Custom Scans 6/19/2017

Momo Custom Scans
Each of the scans shown below was created as a result of hundreds of Educational hours I spent learning Technical Analysis and Trial and error with different scans. I have adapted my scans to with Momo traders in mind. Having said that, I welcome any critiques or suggestions. We are all here to learn together and that includes me from you.

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