Pre-market update (updated 7:30am eastern):
European markets are trading 0.2% higher but in mixed fashion.
Asian markets traded 1.5% higher.
US futures are trading flat with a slight negative bias ahead of the opening bell..
Economic reports due out (all times are eastern): Consumer Sentiment (9:55am)
Technical Outlook (SPX):
On increased volume yesterday, the market broke out of the four day consolidated area it had previously been trading inside of.
The upper channel provides resistance today at 1489 should we get to that level. It will likely stop any market rally from progressing further.
I'm becoming somewhat concerned by this market because now we have one very large gap and one smaller gap (formed yesterday) that has yet to be filled on the SPY.
Since 1/3 the SPX has been trading in overbought territory.
I don't think the bulls want to s...
This is the largest topic on ewallstreeter. This topic aggregates news and investment advice from over 200 different news sources. It covers all the financial markets, collectively known as Wall Street, as well as international news which affects our markets.