Charts That Matter: Out of Energy And Into...
SPY 120M 13 Buy. Stop 430
Not so happy about the daily chart as it looks like a weak low in the short term, but futures doing a fine job overnight of undercutting so far.
CRON Daily Differential Up right on TDST Support. Combo 13 on the 1/2H charts.
KWEB Daily 13 + 12M 9/13 and Hourly 13
Banks should fall off a cliff here as bonds get that bid.
Differential down in CL. I think we need to press shorts on the crude complex with a stop at the 105 area intraday. We have a fractal target down below 100.
AA was a trade we missed. Very clean from a DeMARK standpoint and will have a lot more downside, possibly down to the 56 area over the coming weeks.
PSX failing at risk levels.
Heating oil spreads 13 top
CL KZ spread to the 20/50 EMA
I think the money goes back into stocks and bonds rest if this/next week and out of energy.