The Cycle Projection Oscillator (CPO) is indicating some potential near-term opportunities in several markets. Looking at a 240-minute chart of the E-mini S&P 500 shows potential weakness over the next couple of days (see chart).
The CPO is also projecting WTI crude oil to slip over the next few days. WTI has recently dropped from overbought territory according to the CPO and is sitting near its 10- and 20-day moving average lines (see chart).
The CPO is also suggesting that gold is nearing oversold territory and could turn higher over the next week.