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Natural gas demand hasn't fallen as much as oil, but a 2% decrease in demand (compared to oil's 6%), and already dwindling storage issues due to production not being curved enough and a warmer than normal winter, could have natural gas...
I believe we will get either a blow-off top in the S&P or a fundamental event that kills the expansion, sending price below the magenta rising support line.
If the Fed is too slow to expand the balance sheet, then stocks can correct significantly until the Fed eases adequately.
If Trump wins and the Fed expands their balance sheet in 2020 at a fast enough pace,...
Quick SPX update:
~ Expecting a brief relief rally (haven't we all)
~ Target is in between the 38.2% and the 50% Fib retracement (2,650 - 2,800)
~ Looking for a potential move to the 21 daily ema, at which point i will be looking to go bearish again
~ The move will likely be on the back of the "positive" stimulus news, but i am very skeptical of how the markets...
