the OPEC members, the banks, the moneymakers and the outfreakers.
The first 2 is already reserved so you can choose from the last two.
The OPEC members are always on the right side of the boat. The banks are 80% in the good direction. The moneymakers have 65% . And the freakouters are losing money in 90% of their trades.
I suggest to stay in the moneymaker camp. We are not always right but the long term we are making money. And sometimes we can figure out what the first two group is doing and then we make 10/10 calls in a row.
We had an ICL on the 4th of May. I say now no way to break below 44$ in the following 3 months.
On the weekend I will try to summarize what I think on the daily basis but right now I'm watching the clear price manipulation on the hourly chart. :)
We are printing a megaphone bottoming pattern. It's a clear manipulated pattern. When the price is breaking down suddenly a buyer comes out from nowhere and pushes up the price again. Then the natural forces are selling again and our hero is back again and pushing price to a new high. It continues while everyone is realizing - or losing all the money - that this is not going down.
If it's not going down then we are going up.
This might be exactly the case here. If not down then up...
I think in this moments we are breaking up from the megaphone : everyone slowly realizing yesterday's drop was a one day puke.
I wouldn't be surprised with a new high by the middle of next week.
It's a Memorial day in the US on Monday. How about a big gap open on Tuesday in ERX and XLE what never gets filled?
Looks good again.
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