Good morning. Futures are moderately higher, sp +4pts, we're set to open around 1950. A break of the 50 day MA @ 1955 looks likely this morning, with further upside into the 1960s.
sp'60min
sp'daily5
Summary
Price structure on the hourly chart is offering a baby bull flag, and right now, that looks set to be confirmed with an opening gap higher.
*I remain long, but will certainly be looking to exit today, and would intend to sit on the sidelines until next Mon/Tuesday.
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Good wishes for Thursday trading
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8.52am.. Notable early weakness, FCX -1.2%... not sure why, maybe its falling Copper prices.
sp' futures back to largely flat. Regardless, we should still battle higher this morning.