Mid Friday S&P500 Futures Look
|5 min ES|
As i mentioned last night the index’s looked a bit weak…..sure enough S&P did some business this morning thus we actually saw the index’s come off a bit, granted we fell for maybe 25 minutes before melting 10 points higher. ill take it….
1280 looks to be resistance as we speak, and 1275 support. with 1272.75 being the low. If the ES stays under 1280 we could quickly fall back to lows if the euro as well as the dollar continue to trade away from each other.
Crude still very weak post embargo headline yesterday. Crude again lead the move in equities down, selling off yesterday afternoon…
|5 min CL. each spike down in CL coincides with a new EURO low. keep this pattern in mind.|