Good Afternoon,
Fundamentally, we are still seeing poor economic data. The Chicago Purchasing Manager's Index is below the 50 level (contraction/expansion) line and the sub-components (new orders and employment) were soft as well. Keep an eye on the data tomorrow and Friday.
But, does it matter? Technically, the SPX has definitely found a support level at 1400-1410 - we are rallying well off the days lows (again) as I speak.

Past performance is not indicative of future results
It seems like the forex pairs are confident in the equity markets holding as the USD sunk lower today. Check out the recent path for the GBP/USD - if equities can have an up day, the GBP could possibly head higher:
A look at the short term 30m chart and then a daily chart:

Past performance is not indicative of future results

Past performance is not indicative of future results
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.