Good morning. Futures are flat, after being moderately higher earlier in the night. We have another batch of econ-data, most of which is issued at 10am.
*Durable Goods Orders: 0.0% vs -0.8% expected, with ex-trans +1.5%. Broadly speaking, the numbers are slightly 'better than expected', so there is your first 'green shoot of recovery' for today.
sp'60min
sp'daily5
Summary
Again, bears should take careful note that with stocks like AAPL and FB moderately higher in the pre-market, it seems likely the underlying upward trend will show through by the close of today.
Best guess, we close somewhere around 1412/15, and then hit 1425 late tomorrow or early Thursday.
I remain patiently waiting, before the next 'big short' ;)