its time to talk about an intermediate or longer term bottom

this ideais simple. if we hold $20, we will break above $56.89 closing the gap left over from april 4th. what could be better? the doomsayers and prognosticators are all pointing toward recession, but where do you see the pain? its all in the past, and the worst may be behind us. only time will tell, but if this face ripper of a rally continues, bears will be trapped and tutes, mm, smart money will be long (if they arent already).