#Crude is up today, together with the yields and metals.
I have added an IHS pattern to my $CL chart.
This is not a bullish setup for the indexes; rather, it is a warning sign of a potential geopolitical escalation.
So we must watch for a breakout or rejection of the sloping trendline resistance.
If it breaks to the upside, I will add to my energy producer stocks and $USO.
#CL1 $SPX $NDX #DOWNJONES #Tariffs #TariffWar #MarketCycles #marketcrash #Tariffs $TRUMP $NVDA #recession #ratehike #correction #TrumpRally #Stocks #Oil #CL1 #energy #Stonks #VIX $SPX #StockMarket $SPY #SPX #SPX500 #DJI #YM #NDX #RTY $IWM $QQQ