Energy is the foundation of all future technology and innovation. Without abundant, affordable power, AI, EVs, manufacturing, and breakthroughs simply stall.
Higher energy costs = slower growth, lost jobs, and pain to tech markets.
A quarterly bullish imbalance on $CL and a Middle Eastern conflict for a perfect narrative is not what we need moving into the second half of 2026 and 2027…
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Weekly sellside liquidity looks good:
$SPY 731.83
$NQ 28,742
Still lacking a daily imbalance to the downside, but the lack of support on the daily leads me to believe a breather is on its way…
Following weekly sellside, there are now 5 weekly bullish imbalances below us, which suggests we have created major support levels in this move since the Q2 shift. Retracement into the weekly level probably gets bounced from.
This is the exact opposite of the scenario that played out throughout Q1. Despite bleeding lower, price was extremely controlled, not creating any downside imbalances. When no imbalances are formed price can move swiftly to the next pool of liquidity. This is not the case at all for this run up.
If you’re expecting the crash of all crashes, I think you are in for a rude awakening…