Disappointing guidance from WMT and estimate cuts for key financials kept the bulls on the sidelines for most of the session. This is more obvious on the S&P which is far from testing recent highs.Last Wednesday the markets sold off shortly after crude inventories at 10:30, so I'll be watching how the futures react to that key data. Also watch for core CPI in the pre-market.
The LEH chart looks poised to break out any day now.
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