Spoo’s are coming into the top of the Gap 2821-2797.75.
This is a must hold level.
Point & Figures are at a crossroad.
Oil...I spoke to this last week. June Oil is trading @ a 10 dollar premium to May, which expires
tomorrow. I am not putting out further Matrix downside for May Oil, trading @ 1998-99 level.
This would only elicit bad trading behavior.
Nothing would surprise to the downside. The last time we went into an expiration this distorted was
@ the market top in July-August of 2008.
There is still an unfilled gap @ 116.50.
Googl, NXPI, HP earnings are after the close today.