Crude six week consolidation - is that finished?

That's as good a long signal as we'll ever get. Memories of your 40-60% correction call in 2016 when the SPX wax 1950.

 

On what chart do see see oil has collapsed 40-50% since Omicron was detected?

 

It'll no doubt be the Fed's fault when he's wrong. And when he's wrong it's often spectacular !!!

 

But he's already wrong, because oil has not collapsed over 50% since Nov 25th, when Omicron was first announced.

Edit. I can swear that his post I responded to said 40-50% when I replied just 8 minutes ago.

 

It'll likely be more spectacular in a few months. Then it's the Feds fault, bubble this, bubble that, ... .

 

The Fed has nothing to do with it. It is because I am long a couple micros in the market. When the ES ranges 100 points and the NQ 600+ points in a day, that's just me. I really need to humble myself and take the blame for all the shenanigans.

Somehow though, I managed to make 180ish ticks long on the June MYM though. Getting out at daily highs is uber rare for me lately. At least I got SOMETHING right in the past month. Bleh!

 

Of course the Fed has nothing to do with it. Doesn't stop the nobs on here from claiming it.

 

Sorry...couldn't resist.

 

No prob. She's happier since her Front Sight Training membership.

 

Not looking at charts. What I was referring to was that if another variant or Delta or what ever the fu*k they want to call it. If it starts to spread quicker than covid and another shutdown enters the US and the same thing as happens again with another shutdown, oil will lose 50% or more with week or 2. Again I'm not looking at charts.