U.S. equity markets are trading overnight and are expected to open slightly above near-term support. The March E-mini S&P 500 broke an uptrending Gann angle at 1132.25 which has held as support since November 27th. This is a sign of impending weakness. Short-term support is a retracement zone at 1129.00 to 1124.50. Once this zone is broken, the next downside targets will be 1105.00 and 1095.00. The fear of higher interest rates is helping to shift sentiment out of higher risk assets. Full Story
