As the market wade through the noontime lull, in the aftermath of Netanyahu's fiery and compelling speech in front of a joint session of Congress, let's notice that the e-SPH has rolled over and sliced beneath its nearest support level at 2100-2099, which leaves behind a potentially meaningful Double Top at the Feb 25 high at 2117.75 and at the Mar 2 high at 2115.50.
Inability of the e-SPH to claw its way back above 2103 into the close will leave the index vulnerable to downside continuation towards a test of more important support at 2082/80 next.
As for NYMX Crude Oil, once again, it appears poised to challenge near-term resistance between $51.00-$51.30, which if accomplished, should trigger upside continuation-- perhaps sharply-- towards a test of resistance between $54.50 and $55.00.
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