Thanks so much

Very helpful– thank you!

I’m a firm believer that the headlines & the charts, at least to a fair extent, are intertwined. e.g. The charts might setup in a bullish or bearish technical pattern & then the breakout of that pattern & big move from there aligns with some headline in the news. As of now, the charts remain bearish from a longer-term perspective but if the indexes pop above those resistance levels on the 10-minute charts (other than a whipsaw move above & then back down below), that could spark a near-term rally although a near-term rally, if large & long enough (in days), has the potential to firm up the divergences that are still intact, although hanging on by a thread, on the daily & 60-minute charts. Hence, the reason to stay flexible & adjust positioning & near-term bias accordingly.

/NG has moved back above the uptrend line & I’m not crazy about that but giving my short a little room as nat gas is whippy (moves very fast so whipsaws are common) plus, 7.784 was key support & support, once broken, becomes resistance. As such, I’d put favorable odds that /NG reverses there or just shy of that level so a stop somewhat above that makes sense IMO. Here’s the 60m chart.