I continue to believe that we are going to see one final run ("wave 5") after the next upcoming correction, and that it will be led by commodities including Energy sector. Many issues including XLE ETF are right on the cusp of a breakout -- which will determine the s/t direction of SPX.
$WTIC and USO stopped right @ verge of weekly resistance:
http://stockcharts.com/c-sc/sc?s=$WTIC&p=W&yr=7&mn=0&dy=0&i=t63101193147&a=288053288&r=1358704891675.png
http://stockcharts.c...58704841171.png
Edited by beta, 20 January 2013 - 01:01 PM.










