Category : Damon Pavlatos

Sell-0ff in CLQ August Crude this morning 07/10/2015

 

7-10-2015 9-45-25 AM CLThis morning we had a nice reversal to the downside. This weeks low is 5058. Potentially this weekly low may be tested today or early next week. 4679 is this years low made in the August Crude. The Daily Charts have a nice bear flag forming so there may be another big push to the downside if we break the 50.00 level to test the yearly low in CLQ.

 

Indexes gave up all gains at the end of the trading day

After the S&P opened 28 points higher there was a slow trend lower and steady selling through out the day ending with a selling climax to close…. ¬†virtually closed unchanged… The S&P has closed inside the last 3 days leaving a bit of a coil. A breakout of either the weekly high of 2078.00 or 2034.25 will be very important levels to watch…

 

7-9-2015 ES