1374.50 traded.. high of 1375 new day high.. bonds continue their weakness.. NDX on day highs as well, with individual components such as MSFT and AMZN doing work.
|X is the pivot- 15 min ES zoomed|
|5 min ES|
The dollar on the other hand is green on the day, slightly over the 78.85 level, equities are shaking this off so far. Remember today is the first of the month, mutual funds have cash to put to work.
|15 min ZB|
Suport 1365 immediate followed by a 1359.75 line in the sand.. below this level we could see 1355 quickly.
Over 1375 we could mean a conversion into 1377.25 and beyond. An upside catalyst would be further break down in bonds, sending fresh capital into equities.