Weekend wrapup

The first sign that the energy blowoff is being confirmed will be when we see a close below 592 on December Corn Futures and 105 on December Crude Oil Futures. 

In the meantime active traders can trade the ranges on the S&P 500, 1390 was resistance this week, 1340 may be support. As mentioned earlier in the week, we have been sellers in the 1385 area, covering shorts in the 1355 area and getting lightly long currently in the 1340 area. 

1:10 PM CDT

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