Oil Broke the Map. Tech Took the Hit. — After the Close for July 13, 2026
Oil broke both its daily and weekly expected-move bands while tech took the hardest hit and equity futures held just inside their lower ranges. Here is what Monday taught—and what Asia, London, and CPI traders should carry into Tuesday.
Oil Broke the Map. Tech Took the Hit. — After the Close for July 13, 2026
Monday did not produce a broad market breakdown. It produced something more precise—and more useful for traders preparing for Tuesday.
Oil was the real outlier. Technology absorbed the hardest equity pressure. The major index futures bent toward their daily lower expected-move bands, but none of ES, NQ, or RTY closed outside them.
That distinction matters. The morning plan correctly identified crude as the fastest risk switch on the board. By the close, WTI had not only cleared its daily upper band; it had also broken through the weekly upper band. Yet the pressure did not spread evenly through the entire market.
The Closing Scorecard
| Market | Close | Day | What It Said |
|---|---|---|---|
| S&P 500 | 7,515.34 | -0.79% | Broad pressure, but not a disorderly unwind |
| Dow | 52,498.64 | -0.26% | Energy and financial strength softened the index-level damage |
| Nasdaq Composite | 25,873.18 | -1.55% | The clearest equity weakness stayed concentrated in growth and AI leadership |
| Russell 2000 | 2,953.17 | -0.83% | Small caps weakened, but did not collapse |
| WTI crude | $78.14 | +9.42% | The session's true range break and macro shock |
| Gold futures | $3,997.00 | -2.61% | No clean safe-haven bid; gold broke its daily lower band instead |
| 10-year yield | 4.609% | +4 bps | Higher oil kept inflation pressure alive into CPI |
| U.S. dollar index | 101.28 | +0.31% | A firmer dollar added pressure to gold and growth-sensitive trades |
What the Morning Plan Got Right
This morning's Market Pulse centered the session around one word: containment.
The plan did not require bulls to deliver a green day. It required crude to stop spreading pressure through the rest of
PonoTrading Team
PonoTrading publishes futures trading education, market structure notes, expected move analysis, and practical indicator workflows for retail traders.
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