The Nasdaq is below the 20 day. The 10 week and 20 week are holding it up for now, but after early July when gas scarcity gets worse, prices are going to rise dramatically and fast. Paper oil will have to start matching physical oil and the market will start mirroring what is happening in the economy. It’ll look like the scene in Trading Places when they frantically sold orange juice futures. The complacency lasts a couple more weeks.

@Ross Mandell thanks Ross. Dig your content and enthusiasm. Seems the prospects for an Iran deal might have Nasdaq drifting about 20 day next week creating a more bullish environment….unless there is the ole rug pull. Personally, I think a deal eventually ends up back at the same arrangement as the JCPOA except with trumpy’s name on it. His base will be none the wiser that he stole Obama’s deal. Have a great weekend.