Where's all the bulls? Down 17.
Jump on it. Corona.... pffff.... Its just like traffic accidents.
every short has a game plan until the bull gores then in the A$$
ES Journal - 2019/2020
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every short has a game plan until the bull gores then in the A$$
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.
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.
That was a great $12 call. Are you calling for under $6 now?
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 .
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