The S& P500 Future is trading down -0.18%. The Dax is trading down -0.68%. The Dax started the week on a firmer footing. Comments from Fed Vice President Fisher helped the USD gain on the Euro, initially supporting the DAX. Around 11am CET the DAX started giving up gains and also managed drop under the 10500 support level.. It will be of interest to see if the market manages to retake 10500 before closing.In US markets, Pfizer takes over the biotech company Medivation, for 14 Billion Dollars.Leaving Sanofi out of the running. Gold is down 0.27% and WTI Oil down 2%. We see a weaker start to Wall Street.
The S&P500 is in an upwards trend. Short term we are in a sideways move. Resistance is at 2197 and support is to be found at 2150.
The Nasdaq 100 is in an upward trend. We expect a continuation of this trend.
RoboForex Analytical Department
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