I have been writing extensively about my thoughts on WTI crude oil over the past two weeks. I have been very bullish this market. Technically, it looks phenomenal for more upside. My next very important level and target are right around $54. I believe we will continue to see aggressive buying in this market. 

The S&P 500 futures, as well as the Nasdaq 100 futures are tumbling today. I believe 2500 is a massively important psychological level for the S&P 500 futures. It will take a tremendous amount of good news to keep the market above that level.