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I had to flip
Hi all, here is a recent YouTube video of mine where I discuss some of my trades for the week. I know I've been sort of a long time bear using DeMARK counts to time tops, but the technicals are now screaming at me to try some kind of a long trade. I went through some of the charts across the oil, dollar and commodity complex to form a simple trade here that has a few things going for it, including a weaker dollar and stronger EM.
As you can see, CL is bouncing off the 200 week moving average in a very clean fashion. Meanwhile, rates have gone sideways and the dollar has come off a decent amount.
Anyway, I hope you found it helpful. As always, this was just a quick banter video and of course: Oil could drop 50% or even 120% tomorrow (negative, lol) off lockdowns or China not re-opening. Don't listen to people on the internet about trading or investing. Do your own research. Again, link to the video is here