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It is not looking good for the US opening -check out the S+P 500 eyeing 5k

The US stock markets are going to open lower shortly this afternoon. It has been a volley of negative developments that will see that happen and right now the whole market is running shy of stocks. As to how far this lower opening will extend is unclear, but given all the latest news and developments on earnings misses and higher core inflation it would not be a surprise if we see fresh interim lows before the week is out. The S+P 500 future is now close to pricing a resumption of live trading and maybe below 5,000 this afternoon. Perhaps we should remember the recent low, at 4,953 set on April 19. That is potentially on the radar again today 

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