Long VLO today for a swing trade

T

trendmagic

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Went long today for a couple points. Looks like it wants to run a little here.

VLO%20092606.png
 
and oil also on a bounce

oil is also trying a bounce at support and the longer term 38% retrace
oil226.png
 
Convergence of the MACD and ADX Indicators...

Another sign of an impending reversal up is when the MACD and ADX Indicators "converge":

ChartDaily01VLO.PNG
 
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