A big drop is one of their themes. They forecast a near total wipeout of the financial system, far more than a typical recession. Time will tell. The near-vertical spike is what got my attention. ATM, NQ is 210 points off its high. It looks like ...

Private Island Traders

This graph just screams...

Private Island Traders

Consider using Keltner Channel Gradient bands to help with exits, along with trailing stops based on ATR.

Energetic H1 Strategy (Crude/Brent/Gas)

A new Red Arrow followed by a plunge of ~300 pips on heaviest volume in Nov. Jan contract.

WTI Crude Oil Trading

Dec option expirations and big funds rebalancing completed by end of year can lead to equities advancing during latter part of Dec.

Private Island Traders

WTI H4 has dropped below EMA20, so leaning toward downward--but this could be a temporary event.

Private Island Traders

Unrest? What unrest? "Iran's top leader on Wednesday denounced an outbreak of deadly unrest as a "very dangerous conspiracy" as authorities reported about 731 banks and 140 government sites had been torched in the disturbances." ~Reuters, Nov 27

WTI Crude Oil Trading

Equities and the Plunge Protection Teams The Problem Areas Debts, interest rates, and bubbles in stocks, real estate, and several other markets. National economies are now strongly linked to equities markets. Deep stock market crashes could wreck ...

WTI Crude Oil Trading

Upper bands 1 and 2 also provided some resistance. As you know, I am partial to the concept of dynamic S/R lines.

WTI Crude Oil Trading

WTI D1 Possible strong resistance ~60, which might be the top of range band, for a while anyway. The wedge from Oct is broken.

WTI Crude Oil Trading

WTI Jan contract end of week. Everyone had an opportunity to be wrong this week.

WTI Crude Oil Trading

The bull run seems overly large for the storage number the same as expected.

WTI Crude Oil Trading

Red Arrow, breached trading range, and sitting at a support zone. Trading resumption could be very interesting.

WTI Crude Oil Trading

oil -> plastics -> oil ... Sounds good to me.

WTI Crude Oil Trading

Russia Unlikely To Agree To Deepen Oil Output Cuts At Talks Next Month

WTI Crude Oil Trading

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WTI Crude Oil Trading

The scale of the likely drop could be quite large. The chart above shows a ~10% drop in NQ over 4 days beginning Aug 1. We could see that or more: possibly a quick drop to ~7500 or lower.

Private Island Traders

WTI D1 is poking out of wedge, but not decisively. A upward surge is possible associated with equities running strong.

WTI Crude Oil Trading

NQ end of week with strength.

Private Island Traders

Range breakout? Sunday-Monday should tell.

WTI Crude Oil Trading