There are powerful cross currents at work in the US equities market.
A resolution, at least for the short term, should be forthcoming.
19 July 2010
SP 500 September Futures Daily Chart
Category:
SP Daily Chart
“'Simon, Simon, behold! Satan has demanded permission to have all of you, to sift you like wheat. But I have prayed for you, that your faith may not fail. And once you have returned, you must strengthen your brothers.' And Simon said, 'Lord, I am ready to go with you, to prison and death.' Jesus answered, 'Before the cock crows, you will deny three times that you even know me.'" Luke 22:31-34
LE CAFÉ AMÉRICAIN
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