I typically don't like it when I am trading from the long side and we get a massive upmove overnight.
https://markets.businessinsider.com...d-continue-coronavirus-opec-2020-4-1029102492 WTI Spot price is $17.49. Nothing but gloom and doom in the oil market.
I think it's not a vaccine, but some treatment. Probably better than nothing, but it seems it's about as efficient as turning the patients to lie on their tummy. An improvement? Sure, but it does not seem like a game changer to me. Some tune for the oil fans:
Hunch is that the forced hedging after the close offered a good opportunity to sell into. It's a ****show of a market, that's for sure.
Race is on can ES lose me as much as NQ can make me! days like this remind me why I trade ES secondary.