sp'60min
Summary
It would seem today will be pretty subdued - to be expected on what is Easter Monday, but leaning on the upside.
The key issue is whether we can break last weeks high of sp'2056. That sure won't be easy, even if Yellen 'inspires' tomorrow lunch time.
Indeed, things get real interesting from 11am-1pm tomorrow, if we haven't broken >2056.
*first soft downside target is the 50dma/lower daily bollinger.
By month end/Thursday... its viable we could settle near the 2K threshold - even if we're 2045/55 tomorrow morning.
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Update from Oscar
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Overnight action
Japan: moderate chop, +0.8% @ 17134
China: weakness into the close, -0.7% @ 2957
Germany, UK, and most other EU markets.... CLOSED.
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Have a good Monday