Late Nigh S&P Futures Update (SPY)

All is quiet on the home front here.. the futures of course are up a bit as you can see by the chart above, the market has been in a large ascending triangle on a 5 minute as you can see about also.

Looks like 1136 is the line in the sand though we did touch the 1137 handle briefly after the regular session close on Friday.

The lower line in the sand is of course support where the bottom trend line on the chart lies. 1132 is up first then followed by 1127..1217 is also a lee to watch also as this is where we caught a bid Wednesday morning last week and did not look back. Im sticking by my call of if we break and hold over 1136 we are going higher tonight into the morning.
No economic numbers tomorrow though Tuesday we get quite a bit of data.. the schedule is below...

Dec 14	08:30	PPI	Nov		0.5%	0.5%	0.4%
Dec 14	08:30	Core PPI	Nov		0.1%	0.2%	-0.6%
Dec 14	08:30	Retail Sales	Nov		0.4%	0.5%	1.2%
Dec 14	08:30	Retail Sales ex-auto	Nov		0.4%	0.6%	0.4%
Dec 14	10:00	Business Inventories	Oct		1.4%	1.1%	0.9%
Dec 14	15:15	FOMC Rate Decision	Dec 14		0.25%	0.25%	0.25%

Posted in: late night market update,SPOOZ