Few signs of dip buyers in US equities yet, but this would be the place to make a stand

<p>The S&amp;P 500 is a the lows of the day, down 33 points or 0.75%. The index has just dipped below yesterday's bottom of 4464, which is where the index reversed. The break through the low isn't a good sign and selling could accelerate here.</p><p>Alternatively, we could have a bit of a false break if it can make a stand right here.</p><p>Fundamentally, worries about inflation are creeping in with the US CPI report on the docket tomorrow and oil prices today touching a 9-month high.</p>

This article was written by Adam Button at www.forexlive.com.