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Yesterday's lows tested early on, will be key for Friday

2 key things to note- First- S&P has pulled back to test yesterday's lows again, and 2336.50 will have importance for today as support, having been tested now once already, Under leading down to Wed lows 2331, which when broken should lead to acceleration down to 2300 and slightly below-  Second- the pullback in Bond yields is continuing this am with 10yr back down to 2.40% and could have a negative impact on Financials while positive for the yield centric groups in the short run- Overall, most of Europe is negative with Spain, Italy and France all down more than 1%..The Dollar is weak vs the Yen which also should have some importance and Gold looks likely to extend higher-   For today.. watch 2336.50 and then 2331 on the downside while resistance lies at 2347, the overnight highs- Early movers in TRUE, ANET, KHC, DE, FCX, while on the downside- K, ALV, UNH, HTZ, and MDLZ-  Let me know if you have questions- ty