Pre market the futures are down marginal. Today i would be looking at S&P 1490.75 for some support and 1494 for the real floor for the bulls. Though the SPX has made 1500 the actual futures have no yet in the day time session and it should happen soon but as volume is light and funds are just not trading we will just have to grind up slowly into that number.
I am not uber bullish but have been saying long is the way for a couple months as I am sticking to my longer term cycles that shows 2013 should make a significant high.
Tuesday, January 29, 2013
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