Late Night S&P500 Futures Update (SPY)
|ES_F 1 min|
Pretty quiet on the home front tonight ladies and gents, besides my babe of the day update the most exciting occurrence tonight was the EURO catching a bid off 1.308. (highlighted below)
As for the futures they have been testing AH highs most of the evening @ 1255.25. The 1225.25 level was the ledge at which we fell at the cash close earlier today. Perhaps someone got wind they were going to jack up the EURO again tonight?
We are within two year highs in the S&P mini’s, i think if all goes as planned we are gonna run up nice
and slow into Thursday’s close possibly breaching 1256.50. If this happens again we have nothing but air up till we hit the round numbers, 1260 sounds round enough. Downside look for 1252ish to prove supportish followed by 1247 for a bit as the level has been a bit sticky, 1245 will provide a line in the sand to trigger sell stops. Today was a day of buy stop hunting.
|EUR/USD 1 min|
WE have nothing on the economic calendar for tomorrow so expect a lot less then we had today..
Maybe the Rare Earth sector will get whipsawed again, or perhaps AIG will get it’s brass squeezed again because that company is apparently work $40 billion now. Remember “The Government always wins”.