$CL crude oil setting up a potential head-and-shoulders on the daily chart. Invalidation above 85.
This matters for $SPY, $SPX, and $QQQ — oil moves still ripple through equity flows and inflation expectations. If the pattern confirms and oil rolls over, that's a tailwind for risk assets. If it breaks structure above 85, we're back in a different regime.
Watching closely. Oil's been a sleeper driver this year.
This matters for $SPY, $SPX, and $QQQ — oil moves still ripple through equity flows and inflation expectations. If the pattern confirms and oil rolls over, that's a tailwind for risk assets. If it breaks structure above 85, we're back in a different regime.
Watching closely. Oil's been a sleeper driver this year.
