Late Night S&P500 Update (SPX)
|US dollar futures 1 min|
Echoing what i wrote about in my pervious post tonight, the tape today was quiet interesting and mirrored Monday and Tuesday’s tape.
Tonight we see metals down a bit but basically flat, though dollar futures pushed up against intra day highs of 80.62 before falling back a bit. I am reading heavily into the the dollar remaining strong and equites reaming conservatively weak.
The levels i am going to be watching for tomorrow
in the SPOOZ are 1232 which we are at currently and 1238.50. The spooz reversed this afternoon up at 1239.25 when the big houses showed size on the offer in the big S&P contracts.. AS for support 1228.75 was the intra day low, 1225 and 1220 clearly are lines in the sand.
|ES_F 1 min|
The economic calendar for tomorrow is pretty full so i am going into tomorrow a bit flat, though i am still long US dollar futures from 80.40 and am short gold from 1402.