In overnight activity, the ES Futures is continuing to make lower highs and lows. If we get a normal correction to Monday's uptrend, the market should find support between 1337.75 and 1346.75. Interestingly, 1340, which is support on the 60 minute chart, falls within this range. If the market closes below 1340, expect more downside to follow in coming days.
Consumer Confidence Report at 1000 ET
4-Week Bill Auction at 1300 ET
European Markets go back to closing at 1130 ET
May Light Crude is finding support at 98.5.
The Euro is firming against the dollar.
Charles
No comments:
Post a Comment