FOR WEDNESDAY: (11/14) Volatility likely to increase into Friday and Nov. 25, and more of it looks bearish than bullish. Crude still needs to go to 4980 at some point and the S & P to 2600. Have to see how risk/reward sets in as we come to the morning.
DEC. E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.
S & P ANALYSIS FOR WEDNESDAY: (11/14) Market failed on Tuesday after a strong overnight spurt and crude oil tumbling is really turning into a huge problem for oil stocks but may help inflation until world countries dependent on crude like Canada have major economic problems. Inevitably someone will start a war to save crude from taking out 5000.
CYCLES OVERVIEW: Lower into Nov. 16.