FX:SPX500 S&P 500 index of US listed shares
With oil being "sold on the news" we're seeing some weakness in both SPX and its funding (JPY and EUR). With already trading below support at 1880, watch for a breakdown in SPX below 1883 - the top of monthly consolidation support. I think we are due for a little pullback and wouldn't be surprised to see SPX trade down to support at the 1870 level. Stop at 1894, with an upside target of 1910.