Tuesday, April 3, 2012

Tuesday Evening S&P500 Futures look

15 min ES
1402.5 support.. 1408 resistance.. above resistance we could pinch into 1412.5 or below support 1400 could be tested..

Buyers came back into the tape after the FOMC dust settled. though DX strength has my attention, BUT bond weakness is indeed the catalyst for the equity bounce into the close. This stabilizes the 3 legged table a bit.
5 min ES