4.21.20 I briefly discussed why I think the major indexes suggest that this the bear market that is likely to make new lows. I explained why I think will will move lower even though it is a bullish market. In all of this on discussing price action and structural relationships to explain swings in the market. I respond to a very thoughtful video that was inserted on my site. The essence of that video which I believe is worthwhile listening, is that the bearish fundamentals will lead to a similar outcome on the June oil futures contract. I do not disagree with his analysis, however I believe the influential institutional participants in that market need to generate volatility by attracting both buyers and sellers alternately wash and rinsing those participants to create volatility: the money is made through volatility; expansion of a market is what creates volatility; you and I cannot create volatility, but our awareness can help us find opportunity and trade along with the smart money. This does not mean that oil is going to go to new highs; as the market develops we will frame it for opportunity, appropriate risk and reward.