📊 Market Analysis#new-york-session#sp500#usd#analysis
W
Wolf Alpha
Trader ·
New York Session: S&P 500 and USD Outlook for Today
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US equity futures are pointing to a flat open as traders await today's Fed speaker slate. The S&P 500 is trading near 5,280 — just below the key weekly resistance at 5,310 that has capped rallies twice this month.
For the dollar, DXY is consolidating at 104.20 after a 3-day bounce. The next move depends heavily on this afternoon's ISM Services data (14:00 EST) and a 15:00 EST speech from a Fed governor.
Key NY session levels:
• S&P 500: Watch 5,280 for breakout or rejection
• DXY: 104.50 resistance, 103.80 support
• EUR/USD: 1.0810 support critical
• USD/JPY: 155.00 psychological level
If ISM Services beats expectations, expect a USD bid and equity sell-off. Miss would likely do the opposite.
What's your bias for the NY afternoon session today?