S&P 500 futures corrected overnight as expected with that correction bleeding a bit into the day session before firming up around 10am. I suspect the low for the day is in and now will see a slow grind for at least 4432.25 and likely higher, say 4452.75 by the end of the day.
Nice to see crude oil back on plan as it moves back up into the range. Have an eye on 70.50 and 71.30 over the next day or three.
Euro is acting like a lower high has been set with the drop this morning. Bears gain the upper hand if Euro drops under 1.0955 and 1.0918. If the lower high holds in the Euro, I think this will have negative consequences for the equity markets. Perhaps the equity markets fail to get that last high in by Friday and it turns into a lower high? If nothing else, it confirms that the equity rise is on borrowed time.