22 June 2012

SP 500 and NDX Futures Daily Charts - Russell Rebalancing Today - End of Quarter Next Week


This was a rough week for trading as Benny did not please, but only tease.

The bank downgrades spooked shares but that may have been overblown. I think we saw selling this week tied into some technicals, including the Russell rebalancing, and the clearing of the decks for the end of quarter tape painting exercise next week, if nothing more blows up in Europe.