U.S. stock futures are slipping this morning after two strong days from the Federal Reserve’s statements on Wednesday. The rally stemmed from traders welcoming the Feds delay of tapering of the central bank’s bond purchase despite the anticipated rise of interest rates in 2022. However, as of Thursday evening bondholders have not received payments from China’s Evergrande. Evergrande, a private-sector Chinese property developer, will now enter a 30-day grace period to meet the payments. If payments aren’t received during that period, they could trigger a default which many are comparing to the Lehman Brothers collapse. There is a general feeling out of Beijing that the government will step in at some point to intervene despite the massive $300 billion in debt that is owed. The ruling party does not want to see a lack in stability it needs to maintain the power they have achieved. Support today is 440500 and 436000 with resistance checking in at 447500 and 450000.