The S&P is testing the 2009 highs at the 1100 level once again. If that level cannot be cleared, the market may decide that 1.5060 (EUR/USD) and 1100 failures in the S&P are reason enough to book some profits. Small stops are clustered below 1.5000 while bids lie at 1.4970 and 1.4920/30. We trade now at 1.5017.