24 August 2016

SP 500 and NDX Futures Daily Charts - Stocks Wobble But Don't Fall Down (Yet)

Stocks wobbled a bit today.

It was the biggest single day down move in a while, but that says more about the relative lack of movement of stocks during the sleepy summer trade.

If stocks continue moving lower from here it might get more interesting for the bears.

But for now, this is just more fluctuation within a trading range.  It is more clearly seen on the NDX chart than on the SP 500.

Have a pleasant evening.