/CL crude futures (or USO +1x crude ETN, SCO -2x ETN, etc..) sell signal triggered on this impulsive break below the key 85 support with a ~13% swift drop likely to come. /CL & USO daily charts with my current sole swing targets below (additional targets may be added).
CL daily Sept 7th
USO daily Sept 7th
Keep in mind that if my grand theory of plunging energy prices, which would be a big abatement in inflationary pressures, plays out, that “should” be net bullish for the stock market as it will give the Fed room to cow down off their current hawkish jawboning campaign.