Late Night S&P500 Update (SPX)
|ES_F 5 min|
Not much to write about tonight as the futures are very quiet and tomorrow is quad witching which is much hyped but usually always disappoints in regards to price action. Spot gold is up a bit with dollar futures down a bit.. looks like tomorrow gonna be a boring day…
Since the Spooz is up at Resistance of 2 year highs we are probably are going to need some stellar economic numbers or a hell of a buy program from the depths of hell to move us higher, or even a sell program from the high heavens to move us lower. Tomorrow 1242 is the upside line in the sand, 1239 is the lower line in the sand followed by 1236 and 1232.
I still cant really believe this is the last OPEX of 2010, but here we are and here we are at highs of the year… I was wrong about us diving back into the depths of hell but i have the patience of a cockaroacha (Scarface voice)
Tomorrows calendar is as follows….
|Dec 17||10:00||Leading Indicators||Nov||1.0%||1.2%||0.5%|