A look at the $SPX after today’s "barrel of monkeys"
Metals out performed and equities & the US dollar under performed
“US and European bond prices closed higher Thursday amid fears the european debt crisis is not yet contain.” – My summation of today’s price action excluding the noise.
Bond prices continue to raise eyebrows though it seems their fall and subsequent rise this month is all to much all to fast to be bullish, for bond prices. The ball is in the data flow’s hands….
|30 min SPX.. Notice support @ 1402|
|1 hour SPX.. Notice support @ 1401.70|
|5 min SPX.. Notice the RED dot highlighting a signal..|