S&P

Here is an updated hourly chart of the March S&P futures.

After declining slowly all day the market has staged a late rally which has taken it back above the 1263 support level. I think this is a sign that tomorrow will be a bullish day and that the February 7 low at 1256 will hold.

I should also point out that today was a very dull day and I think this is a bullish sign in light of Barrons' Google cover which I discussed this morning.