Long U.S. Stock Market and Long Oil- BOTs: 7/29/15

1 hour Break of Trend (BOT) on Dow and Oil. Calling short to medium term long on both as of 7/29/15.

We were watching for BOTs in our post from yesterday, Long U.S. market soon? Testing top of downtrend channel right now, waiting for BOT- 7/28/15

Dow

HH / HL setup

Target 1: ~300 points

Target 2: ~600 points

Stop: ~150 points

Oil

Bear Trap Setup

Target 1: ~$3.50

Target 2: ~$7.00

Stop: Below $47.50 level (conservative) $46.70 level if longer term target