Markets Short Cover Pre PPI Tomorrow

With the equity markets running into decent supports, it seems a few accounts have taken this as an area to lighten the load on this most recent down move. Can’t blame them can we, with the CPI rocket propelled rallies still fresh in everyone’s mind, kinda makes sense to pare back a bit. Anyway we noted a few of these levels in yesterday’s post, and both in the SP and NQ the areas of support have thus far held: