The collision of global markets and social mood

Thursday, March 23, 2017

Thursday -- Planning The Longest Building In The World

S&P E-mini Futures:
Modest bounce higher.

Greeeen. Bit of weakness in FTSE 100.

Fed's Yellen, Kashkari, and Kaplan speak today, plus GOP Healthcare vote. Turbulence possible.

Mood can get weird as a top approaches.

Granted, it's only a concept at this stage, but the sentiment is clear.

AUD taking the biggest hit thus. USD firmer. JPY stronger yet again.

Prices buoyed by volume yet again. A low may have been put in.

WTI crude still in a wedge formation. NG higher.

Greeeen like equities.

S&P Outlook:
Thinking S&P needs above 2352.89 to negate a possible impulse down from forming.

Choppy structure thus far keeps pressure on lower prices.

Above, the 2365 level has a good looking volume shelf, and there is Fib confluence at the 2378 area.

Below, 2300 is one of those nice round number targets.

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