Yesterday, the S&P500 has closed lower by 0.38% to 2143 point with the rising dollar and oil decline. The US index is expected down 0.25% today in the wake of European markets.
As for statistics, traders expect the Flash Services PMI at 9.45AM (consensus 52.4), the new home sales at 10AM expected to 601K and crude oil inventories at 10.30AM.
Graphically, the S&P500 is in an horizontal consolidation. We will monitor the output of the 2134/2162 points for more visibility.