Markets are again under pressure after disappointing bond auctions for Spain and France. The US 10 year treasury note is challenging its all-time high in pre-market trading. Asian stocks were slightly higher but India was down over 3%. Gold and crude oil are down modestly but prices are likely to be volatile.
The SP-500 is at a critcal point (my opinion) as it is threatening to break downward from the symmetrical triangle it has formed. Depending on your chart view and trend line choice you could argue that it fell out with yesterday's late day sell off.
For an excellent read of the overnight action see southern4's post on yesterday's evening thread.
