Well, OK then. Step two has now been accomplished with the expected final drop toward $1220. Though we may linger here for a few days, I'm feeling pretty confident that this first Spec wash&rinse cycle of 2015 is near completion.
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Key Economic Events Week of 4/22
4/23 9:45 ET S&P flash PMIs
4/23 10:00 ET New home sales
4/24 8:30 ET Durable Goods
4/25 8:30 ET Q1 GDP first guess
4/25 10:00 ET Pending home sales
4/26 8:30 ET PCE and Core PCE
4/26 8:30 ET Personal Inc & Spend
4/26 10:00 ET April UMich
