Pre-cash update

This is more like it – this is the sort of move I was looking for yesterday with the support at 1180 giving way, but its come in late Asia and Europe and now as low as 1161 just after the release of the initial claims (worse than consensus, again) and CPI (up more than consensus, but core stable).

Philly Fed Manufacturing Index at 10 am ET.

More to come …

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