Good morning, everyone. I hope folks had a good three-day weekend. I spent the past 9 days on-the-run with various family activities, a vacation, getting together with friends, and, of course, fencing. It’s nice to be in a dark room with a bunch of computer monitors again, at least to settle back into my familiar routine.
It’s a pretty quiet morning right now, with the ES and NQ green as I’m typing this, and crude oil slightly down. The ES is clawing back some of its losses late last week, but it remains vulnerable to the triangle pattern I’ve been highlighting.
My main focus remains crude, which I am short directly by way of USO and also by way of a long position in ERY and a bunch of small energy-related shorts.