Markets are mostly on their own today

Draghi will speak later at Davos and old friend Trichet is also on the docket but the data for the week is done.

The S&P 500 will be a focus. Futures are down 10 points after the 16 point fall to 1828 yesterday. The January low of 1815.52 is a key support level.

It’s an emotional market right now so big intraday swings are possible. There’s a sense that USD/JPY could storm back if stocks show some life.

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