Linda Raschke: Sklarew boxes offer structure as crude oil reverts to range midpoint

Linda Raschke: Sklarew boxes offer structure as crude oil reverts to range midpoint
Crude oil hits range midpoint low

Linda Raschke, founder at LBR Asset Management, analyzes the benefits of Sklarew boxes for providing structure in market analysis.

She observes crude oil moving back to the middle of its trading range, referencing a high volume node, and notes that the 2-period rate of change is reaching new momentum lows.

Raschke has previously highlighted how markets can consolidate in "bracketing mode" after significant price moves, leading to choppy trading periods, as described in a recent analysis. She also discussed the persistent uptrend in SMH and her use of a 5 SMA system to capture trend-driven outliers in an earlier report. These perspectives inform her structured approach to current market analysis.

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