In today's video, Bill Baruch, president of discusses the 200-Day Moving Average of the S&P 500 (SPY) 4320.

Is this an equities summer melt-up? Is the momentum on the US Dollar slowing down? With regards to crude oil, Bill Baruch breaks down the reason we are off over $3.00 per barrel.

Learn more about Bill Baruch at Blue Line Futures.