16 August 2010

SP 500 and NDX September Futures Daily Charts

The bulls are guarding the pivot points on these charts as though they mean something.

There are quite a few 'crash predictions' floating around. I think they are a bit early, as the period of greatest danger will be from Labor Day to Thanksgiving Day in the States.

There is a whiff of hysteria in the air, and people attempting to use fear to promote their own ends.

SP 500 September Futures Daily Chart

NDX September Futures Daily Chart