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Major 3 Star Support on the S&P (4363) held very well after the selloff we saw from Sunday's open. 4455 is a level of resistance, as pointed out in our Daily Research Morning Express!
Crude Oil is leading the commodity sell off (Down $5.50), which is a tailwind for equities. If we close above $103, we would consider today's move a healthy consolidation, opening the door for some buyers.
More notably, the 10 year note is straddling 2.9%, with the 2/10 curve steepening. Gold and Silver are in the same boat as Crude, looking towards the close to solidify support levels to confirm consolidation.
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