Bob Lukas. 🗽

Four year decline for crude oil could be coming to an end now.

Tip on how to be a permabull or permabear for great engagement! Post these charts every single week for as long a it takes, along with a cool sounding narrative.

Bitcoin price action remains horrendous. Very weak. After the recent flush out, a natural, sharp counter trend bounce would be expected, but was not forthcoming. Has to reclaim $72k to even consider a counter-trend move. Just bear market things.

Yet another intra day/week breach of the last Cycle Low for SP500. More red flags. If it loses that level the Daily Cycle fails, which could have broader implications for the 4yr cycle and the next 6 months.

The slope is growing like a cancer. (sorry if there is a human in that group).

Week 12 for Stocks, in the middle of the Cycle. Still leaning and positioned on the bull side as it holds the primary trend. As long as the Feb 5th lows hold no damage. But not loving the repeated failed attempts to break higher through 7k. The longer it takes brings a rounded top possibility into play.

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Just about every crypto chart is in deep bear mode now. Still a decent amount of Denial from perma-bulls, which is natural at this stage. It's just a process down, self fulfilling and takes time, so stay patient. Like to focus on preparing for a bottom vs focusing on finding short term opportunities. Should expect one really solid counter-trend move between now and the eventual bottom. I suspect the bottom comes with equities pushing down hard at some point in 2026 and likely well before the mid-terms.