A.M. Look 7/5/16

Spu’s... 2081.50 is today’s all session ORL # coming into 2079 support.
This is not a level to initiate shorts the first time in.
​Oil...needs price recovery back over 47.90,today’s all session ORL #, to firm up.​
Weekly momentum support comes in @ 47.30.
Portfolio managers that bought VIX, or a related product on Friday’s close, should minimally use a breakeven stop on it.

Let the day unfold

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