Charts at the Close

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I’m getting ready to head back to the SF Bay Area, but i wanted to dash out a quick post. The best news of the day was crude finally – FINALLY!!!!! – broke support. I’ve been waiting weeks for this. Honestly, this is seriously big news. The bull market in energy that started January 20th is over. I can’t be more plain about it.

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The excitement from the Brexit (that John Holmesian black bar) is totally gone, and now we’re into boring-ass little candles, with the ES sorta kinda valued at 2093 give or take a few points. It looked like we’d get a nice sell-off today, but Ramp Capital saved the day, as usual.

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As an aside, it seems to me the Euro is poised for some more weakness for weeks or even months to come.

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Of course, the next big event is the jobs report tomorrow. Good luck out there, and I’ll see you (back in my beloved Palo Alto) in the morning.