Energy

I made a lengthier post over at Subtack. This is the most important chart for me today. Energy should breakout given the news from China and the general bullishness. The horizontal is at $93.48. How energy trades is important for inflation readings. My view is that a failed energy breakout is probably bearish for stocks in the short-term, but bullish heading into year end. A breakout in energy is probably a signal the rally in stocks can continue short-term, but that a surprise reversal could be coming before year-end.