Not much to report today. S&P traded in a small trading range and futures closed marginally lower at 2866. Hourly cycles are still up trending. Overhead resistance is at 2889.
US Dollar futures went as high as 97.10 but closed lower at 96.85. Price level around 97.0 continues to be a severe overhead resistance. Through there is some more time left in the daily cycle, it needs to hold the current level for uptrend to continue without major downside.
Durable goods order fell by -1.6% - primary weakness in aircrafts, core captial goods also fell by -0.1%. Motor Vehicle sales are expected to improve in march at 16.8M annual rate compared to 16.5M before.