UnknownUnicorn5511258

My Best Guess to How 2020 COVID Bull Ends

Short
NYMEX:CL1!   Light Crude Oil Futures
Brutal - the best word in the English dictionary to describe a swing trader's experience over the past 5 months.

But, I think it may have finally ended at 5:15 p.m. with Crude starting the closing party.

Here are brief thoughts on how other asset classes may follow Crude's descent:

DJI: Following Oil down immediately
SPX: Following DJI down - is at its very upper limit and exhausted
NDX: Following SPX most likely.
RUSSELL: Who on this godforsaken planet knows?

GOLD/SILVER: Will not come down since they are the only assets that are objectively undervalued. Likely to lead all asset classes going forward. Mining stocks to lead equities as well.

CRYPTO: No idea, depends on how open-minded our older citizens are.


Please end it tonight Crude.

-PiggishProtestAgainstShennanigans





CRUDEOIL1!

DJI SPX NDX RUT TOTAL GLDE XAU
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.