ES Journal - 2019/2020

Check out this MONTHLY chart on CL. It broke below the trendline. It's a doozy for sure.

 

Lockdown probably going to be 2 months. Revise those assumptions on GDP!

 

That’s something else man. Wow

 

CL was very weak Thur-Fri, a good clue that the retrace in ES was possibly running out of steam. Some guys had the 2640 level pegged as a throwback of the broken TL, but that hit early evening Thur night.

 

2360-2380 area good for a quick mini bounce.

 

Out 72.50

 

I remember the 2008 decline like it was yesterday. One poster on here tried buying it every day for a few months. I won't mention his name, but it was painful to watch. CL is a widowmaker for those who think they can apply ES/NQ/YM strategies on it.

 

Here you go

 

Long 73

SL 66

 

Neg. A lot of US shale comps will be out of biz at 10 a barrel.