Try an analogy here. S/D to me like a stock, and macro like an index. Which one important? Some stocks can +2x in a bear market, while some stocks get wiped out in a bull market. No matter u like to pick individual stocks or just trade index, u just need to know what you are doing. As I said in the post, nickel tumbled well b4 crude despite inflation panic. And Hog up despite the deflation fear. u need a tight S/D, then macro factor can help attracting $ in and drive the prices to ridiculous level. Just like crude we saw in 08. W/O a supporting SD, just cant go too far. People are dummy and people are not dummy.