The one to really watch is December Oil CLZ6. Above $70, and the crisis is here to stay. Back below 70 and 65, then Crude is done. The 200 for ClZ9 is 62.29.

CLZ6 is moving – just does not have the volatility of the spot month.

-D

So shortly after posting this reply to you, I shorted /CL (cude,) which now adds back that indirect hedge against my stock index shorts that I put on shortly before TACO Tuesday:

https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/

SNDK offering an objective short add-on, re-entry, or new short entry on this backtest the uptrend line/rising wedge & needs QQQ to fall back below the 200-day MAs to take the semis, & SNDK with them, down to my price targets. Daily chart below.

Yes, I moved to basically a full short position on equities on the post-TACO pump on Tue night, adding a bit more yesterday morning, as per my comments in those videos (Tue pm & Wed am).

I plan to keep stops tight on the lots I added on the TACO pump with a move somewhat above the mid-points of the trading ranges on both SPY & QQQ to either close out the rest (on the index shorts, that is, but position-specific on individual stocks). I may also revert back to using crude as an indirect hedge to any index shorts, or longs for that matter, should I decide to move to a net long positioning anytime soon.

Geo, I use ETFs mostly. I would ike to learn something and join you. How can I educate myself. At the close yesterday I bought some SQQQ, UVIX. What about a short on Sandisk ?