Our esteemed leader Mr Coleman highlighted on Friday how important the 875/877 resistance was in the S&P. Having again failed at that point for the third time since late January focus will switch now to the downside.
Eur/Usd and Cable have found a modicum of support in the last half hour, with the latest wave of share weakness failing to attract further selling in either pair. Eur/Usd trades at 1.2915 with Cable up at 1.4530.
