The S&P 500 is testing key resistance in the 1130 area, helping give the market a dose of “risk on” sentiment at mid-morning in NY. We’ve rebounded nicely after triggering a few small stops below 1.3030/35 with an assist from the Bank for International Settlements, who were buyers near the lows. Small offers are seen toward 1.3085/90 on rebounds, traders say. We trade now at 1.3063.