Market is trying to fill in void from 86-65. We have Opex today and it feels like we're beginning to oscillate to pin. We had MSFT beat yesterday on earnings and German news overnight. Likely pins for AAPL are 590 or watch for a 600 push. US econ news is extremely flat.
Yesterday we saw some wild moves in the markets so be careful of any Spanish news or traps. We could see a continuation of this.
We are forming an ascending triangle on the daily. Watch for breaks either way (above 90/below 65).
ON Action: normal range action with 79-80 still a problem.
Bull Bear Line: 65 (MC VPOC)
Possible Long Areas: 71-69, 65
Possible Short Areas: 90-92
Global Econ News
|01:00||EUR German IFO - Business Climate (APR)||109.9||109.5||109.8|
|01:00||EUR German IFO - Current Assessment (APR)||117.5||117.0||117.4|
|01:00||EUR German IFO - Expectations (APR)||102.7||102.3||102.7|
|01:30||GBP Retail Sales (YoY) (MAR)||3.3%||1.3%||1.0%|
|01:30||GBP Retail Sales w/Auto Fuel (YoY) (MAR)||3.3%||1.5%||1.0%|
|05:30||CAD Leading Indicators (MoM) (MAR)||0.4%||0.5%||0.7%|
|CAD Consumer Price Index (MoM) (MAR)||0.4%||0.5%||0.4%|
|05:30||CAD Consumer Price Index (YoY) (MAR)||1.9%||2.0%||2.6%|
|05:30||CAD Bank Canada Consumer Price Index Core (MoM) (MAR)||0.3%||0.3%||0.4%|
|05:30||CAD Bank Canada Consumer Price Index Core (YoY) (MAR)||1.9%||1.9%||2.3%|
|06:00||USD G-20 Finance Ministers, Central Bankers Meet in Washington|
ES charts (ON, 30 min, Daily)