sp'daily5 - outlook
Summary
Best guess is we floor in the 1540/30 range tomorrow, before another wave higher - aided by 'calming talk' from the Fed that QE is here for some considerable time yet.
Those bears shorting into the declines tomorrow morning, it would not seem likely that is going to end well by the Wednesday close.
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other bits..
USD 46bps, but its not able to hold the 83s yet.
Gold/Silver are still moderately higher, but the moves here aren't significant either.
Gold needs to clear the 1620s, and even then, key resistance is @ 1640. Thats going to be a tough level to break in the coming days.
Oil is down around 0.9%, but NatGas is continuing to ramp.
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One final update this evening..probably at 10pm.
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