Traders,

A lot of news to digest over the weekend with Crude oil trading up nearly $10 a barrel and many stocks trading lower overnight and in pre-market.

And last week in the newsletter I flagged this as an idea to watch calling for $85 on $USO ( ▲ 2.73% ) (we’re at $87 right now) - this LITERALLY WHAT I FLAGGED LAST WEEK IN THE LETTER TO PLAY OUT BELOW.

Price action dictates almost everything and if you can learn to look at price action first and read the chart the narrative then starts to make sense.

In this case, the geo political issue with Iran and the affects from that.

That idea last week pointed out key targets on $USO ( ▲ 2.73% ) with Fibonacci levels that you can see below.

So, we hit those and for those who are in that you’re about to get a BIG PAYOUT that is asymmetric: you risked very little to make a lot.

This morning those who love to watch CNBC, subscribe to 20 Substacks and listen to Macro podcasts are going to be your exit liquidity because they are always late to the party.

They’re going to come in and buy:

But they’re all late to the part, like always because they listen to pundits instead of looking at the chart.

So let’s book these gains at the open today then we’re going to move on to the next ideas I have for you all this week.

✅ This week in the letter we are going to cover: