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Keep Your Eye On These S&P Levels Later On Today

R3  2283.75     R2  2276.75     R1  2269.75
DP  2263.50
S1  2256.50     S2  2250.25     S3  2243.25
   Hi    2269.38   2274.44
Low  2256.13   2251.06
Economic Calendar (time in GMT)
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Trading Sentiment
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
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Latest News Headlines
Bloomberg: Gold Falls With Yen as Haven-Asset Flight Eases: Markets Wrap
The flight to haven assets eased following the biggest drop in the dollar since July with moves in the yen, Treasuries and gold steadying ahead of Donald Trump’s inauguration. Hong Kong shares rallied with emerging-markets assets. [more...]
Bloomberg: Dollar Drops on Trump Comments as May Boosts Pound: Markets Wrap
Politics dominated global markets as the dollar weakened after the president-elect called the U.S. currency “too strong” and the pound rallied on British Prime Minister Theresa May’s plans to leave the European Union. Bonds advanced with gold. [more...]
Bloomberg: Pound Set for Best Day Since 2008 After May’s Brexit Statement
The pound climbed against the dollar, set for its biggest advance since the global financial crisis, as Prime Minister Theresa May said U.K. lawmakers will get a vote on the final deal for an exit from the trading bloc. [more...]
Reuters: Asia stocks hover near three-month highs; sterling in spotlight
Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S. President-elect Donald Trump's concerns over a stronger dollar to be beneficial to some of the regional bourses. [more...]
Reuters: Oil rises on weaker dollar, U.S. production outlook caps gains
Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. [more...]

CNBC: Dollar tumbles to a one-month low as Trump says the currency is 'too strong'
The live blog is tracking reactions after President-elect Donald Trump's comments suggesting the dollar is "too strong" sent the index tumbling to its lowest level in more than a month. [more...]
CNBC: India set for slowest growth period as demonetization dents economy
India seems set for four consecutive quarters of sub-7 percent growth for the first time since at least 2011, as the government's demonetization drive triggers a shortage of cash, Societe Generale said. [more...]
Currency Strength Indicators
The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here
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US Indices Market Analysis (SPY, QQQ, IWM)

US Indices Market Analysis (SPY, QQQ, IWM)
S&P 500. Taking a look at the weekly chart below, you can clearly see that the long-term resistance at $206 has been breached and is now serving as support (exhibited by the bounce in late October). It continues to trade above its 50-week moving average and all signs point to a continued move higher, that is until we see some bearish formations.
SPY - S&P 500 Daily
Nasdaq. The Nasdaq also looks similar to the chart above since it broke out above its $113 resistance area and has been depending on it for support in September and November. It is currently trading in an up trending tight channel higher but both the RSI and MACD indicators are diverging; slowing down in terms of momentum. Near-term support is at $119.
QQQ - Nasdaq Daily
Russell 2000. The Russell looks slightly different as it is consolidating in a sideways channel between $133.50 and $137.50. Momentum is still strong and it is trading above its 8-week moving average which a positive shorter-term signal.
IWM - iShares Russell 2000 ETF