Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Existing Home Sales (10am), EIA Petroleum Status Report (10:30am)

Premarket Update (Updated 8am eastern):

  • Futures are slightly down after selling off its overnight gains.
  • Asian markets were up on average about 1.4%
  • Europe is trading lower at -0.7%.

Technical Outlook (S&P):

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