scoWhat's up guys, just want to share my strategy with my followers. I am currently long ALGO (crypto) & XRP waiting only this weekend b4 I close off all open positions.
I closed my SDOW not because I don't think it will continue to rise as I feel strongly that the DJIA is pretty fucked. But because I want to short WTI crude.
I plan (if this works out) to close off algo & xrp in profits, then take my profits transfer those profits to fidelity and put a buy order in around $32 on the $SCO.
Now if you seen my DXY chart u will see that the dollar index has little room to drop B4 it resumes the final parabolic dollar blow off top.
I'm not sure if this will be 100% due to the fact that WTI crude storage is just about full and there's nowhere to store or if this will be a combination of COVID-19 issues plus the black swan I am suggesting that will strike oil markets.
Either way dollar demand = risk off & no oil storage + relentless shale pumping = neg contango prices going forward.
So my big bet will be to short Crude via SCO.
I linked a bunch of my work for you guys to reference.
Don't forget to follow me on twitter link in my bio.
good luck everyone & I think the markets will be in big trouble sometime June 2020. (DXY chart linked below)
