Good morning. Futures are slightly higher, sp +3pts, we're set to open around 1641. Precious metals are weak, Gold -$10, whilst Oil is flat. Bears need to push lower into the 1620s by the Friday close, whilst bulls should merely seek a third day higher.
*Chicago PMI due 9.45am
So. no major drop at the open, and instead, bulls actually have a chance at making a higher high this morning >1646.
Considering the hourly index/VIX charts..I'd be surprised if we don't close at least moderately lower.
9.35am.. weak open...bulls look exhausted.
PMI number will known to some in 5mins..market will react...!
A break into the 1620s would be..useful this morning.