Dip buyers will look to test the waters in the day ahead ...Middle East

S&P 500 futures are seen up 0.5% today as dip buyers will be looking to build on the momentum yesterday. The first test will come right at the open later, with the main index set for a run against a key near-term level:

For now, there are some tentative signs of a more modest bounce when you consider the near-term technicals as seen above. That hasn't been the case since the end of February. So, it's a signal that dip buyers are looking to test the waters again as we look towards the end of the month/quarter next week.

This article was written by Justin Low at www.forexlive.com.

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