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||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%|