03 June 2011

SP 500 and NDX Futures Daily Charts - Weak Economic News Brings Another Weekly Decline


A dismal Jobs Report, despite some attempts to paint a happy face on the numbers, brought US equities to another weekly decline and new lows for this short term trend.

This is the target area I had set for a low on the SP 500 futures if this is just a correction and not the start of a new bear trend. So we will see what happens next week.