Stock futures are lower to start the week. Crude oil is selling off sharply, while the US Dollar is rallying to fresh 9 year highs.
What will the market give out this week? Will we see a rally? Or will stocks continue to pull back?
$SPY should find support......
$SPY should find support at the Abeanomics trendline and resistance at the December inverted flash crash price.
Here is what I am reading this morning:
Crude and US Dollar future charts