Finally Getting There

I'm not sure if the overnight action can be attributed to any single event, perhaps the Chinese Trade data which was good, but not that good, the ECB didn't change rates and US Initial Claims miss for the 4th consecutive week. In any case, ES is about 10 points higher than the 4pm level from yesterday.

There was quite a move in 3C and ES right about the same time around 9 pm last night.

EUR/USD is higher, but that's because the $USD is lower against every pair I've seen as of 8:30 when Initial Claims came out, this is supportive of the market though.

EUR/USD seems to gain on the ECB leaving rates unchanged for the Euro-Zone and again on US Initial Claims.

As of now, we are set for a gap up ABPVE the level we have been looking for in the SPX- FINALLY!