Your MUST-READ Morning Stock Futures Cheat Sheet: Setting the stage

The exclusive Markets Morning Report is supplied by The Precision Report.

The Precise Take –  Setting the stage

Big Picture Analysis – Yesterday, weakness won out into the close, as the ES was driven into the low 1320’s, perhaps foreshadowing a more extended downward move over the coming week.  Any upside over the next day ought to attract new shorts up to ~1350, though above will force short covering.  FOMC Minutes today at 2:00 pm are the only major economic news.

Click above images for larger size.

b English at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com