S&P futures up 0.2% and Nasdaq 100 futures up 0.5% in premarket trading. Comes after US equities came under pressure on Wednesday, falling for a third straight session. S&P saw its biggest decline since February while Dow suffered its worst day since January.
Equity bullish sentiment nearing the 50% majority line
SPY has a new Erlanger ETS sell signal
Markets are short term oversold with lower high bounces expected
Asian markets sharply lower overnight with Japan the worst performer, down 2.5%, followed by sharp declines in Hong Kong, South Korea, and Taiwan.
European markets also weak, but off worst levels.
Treasuries are unchanged to firmer at the long end of the curve.
Gold down 0.3%.
WTI crude down 2.2%
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