Mid Day S&P500 Futures Chart
|1 min ES|
As you can see 1196.25 was the high so far.. we are stuck in a 1195/1190 range as the dollar is keeping the kabash on equities and crude oil shooting up… DX trading over 79.30.. tug of war between euro and dollar is causing a war between bulls and bears in the index’s and OIL is as volatile as ever….. this really is not a bull or bear issue with equities.. its a currency game.
98.5 was a big support level in CL which showed quite a bit of volume when it broke.. now is minor resistance .. along with 1194 ES.
Jack in the box.. market goes down but someone is always turning the crank….