We’ve seen many an early rally on Wall Street flame out in recent weeks, so traders won’t start believing it until after 3 pm New York time, about two hours from now.
That interregnum could lead to a couple of hours of sloppy trade. We’ve so far stalled ahead of important resistance at 1.2300/05 and 1108 in the S&P. Let’s see were we are after 3:00…