Even if we don't make it to $12 exactly I think this call deserves applause. Meanwhile B1 is talking about a 'continuation' up in oil? Too bad he blocked me, I would love to hear him explain that.
ES (if) below 2811 >>>>> 2787 >>>>> 2711 >>>>> 2613 If we get to 2613, HWB is 2529.50. Even if you are an unreconstructed bull you have to realize that a sell off like we in Feb/March isn't going to "v" without at least a deep pullback 1/3 to 2/3's of the rally. Minimum to count as a retest if that HWB. If we do not make a new rally high today, then I'd start to expect that the retest of the March low is at hand. No way to tell if that retest forms a higher low, a double bottom, or a lower low yet. The possibility for all three is about even at this point, imo.
Of course he is. And he'll keep saying it everyday. https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1550#post-5040204
They say that in Texas, you can buy a barrel of oil right now for $2. It could even go negative. https://www.bloombergquint.com/markets/texas-oil-at-2-a-barrel-raises-specter-of-negative-prices
Just sayin'... according to NHTSA... its 104 people/day that die in car accidents. Don't shoot the messenger.
I am - I am thinking weeks to months but I really can't give a timeline. Each front month will likely make lower lows as the contracts go off the board. I have had a long term target at $5.93 down to $5.10 if you want me to get cute lol .