20 June 2016

SP 500 and NDX Futures Daily Charts - Risk On! - And Then Not So Much

Stocks were rallying this morning on optimism that Brexit would fail.

But it was just a gimmicky way of handing that pessimistic crew, the bears, a gut check on their short holdings.

Janet speaks this week to the Senate, and the British people will vote on Thursday the 23rd.

I suspect these two events will be the greatest influences on the short term trades.

Have a pleasant evening.