OIL-

What else can I say oil made it to its daily target of $75 given weeks ago and now it looks like it is dead. Nothing like technical analysis and it is proven here in Oil. I am surprised I missed the target on the S&P BY 4 points, I never been that far off before or maybe we will get one last push up, I definitely have to watch the action and see.

Thoughts on Market

We have been in a tight range for the last few weeks but I think we are definite in a position of forming an important top. Have we already hit the top I dont know but all of analysis is showing me we are in a toppy area. Sentiment have been extreemly bullish and we are know what that means!
Lets see what they want to do especially into the holidays but I think there is great risk reward going short here. If we have already made a high I only missed it by 4 points on the ES.