Mid Day Market Update, Futures Higher.. Again (SPY)
Is it groundhogs day? feels like it. We have melted up again today on declining volume as expected making new highs on the year up at 1258.50. This market is on a tear dont you say? The market is moving like a slug but oh well.
Metals up just as economic burn mentioned though unexpectedly the dollar got decimated down through many levels of intermediate support.
1255 proved support. WE opened with a bit of futures selling before the open…..
Dollar is sitting on the the 80 level shelf looking weak. Though Not sure how sustainable the euro bounce is considering the light volumes. Next week should tell..