EOM Market Recap 5.3.16 “Trading Tuesday” UWTI

Good Evening,Today the trading was different with no reversal.  Pre-market, the Dow Futures were trading down -120 pts.  With an unsuccessful reversal, all three indexes closed in the red-data from Stockcharts.com.  Why did the buyers stay away?Some will jump in and short the SPX because of the close under the 30 SMA.  Per my chart, it…

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