Not much to report on S&P - as noted in weekly post, consolidation started and futures dropped to 2885 early in the day but recovered and closed at 2899. There is still more room (short term cycle wise) for consolidation to continue.
The negative outlook projected for US Dollar Index futures for this week has already started playing out closing lower at 96.66. Unless, the level quickly gets past 96.74 and hold above it, more selling is in the works.
Factory orders dropped by -0.5%. Core capital goods (ex-aircrafts) dropped by -0.1%.