The S&P 500 Index is sitting on top of a two week support area with the possible completion of the two-day down cycle. Crude is remaining below 112, and the dollar is holding onto its recent strength. Watch market reactions to test of recent bottoms.
The Index is staying in a tight range with the bulls with a slight advantage. Beige Book today at 1400 ET, and various employment data coming out in the next two days with the monthly report Friday morning.
Charles
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