With the USD bouncing out of an Intermediate Cycle Low, it sure looks like we have a Trading Cycle top in both WTIC Crude, XLE and NatGas. Both Crude and XLE tested the 200ma and failed. Natty Gas only made it to the 50ma.

If XLE has topped, this will add pressure to the SPX as well.

Screenshot 2016-03-23 21.54.14

Screenshot 2016-03-23 21.56.46

Added: NatGas Cycle chart.

Screenshot 2016-03-23 22.10.20