26 June 2012

SP 500 and NDX Futures Daily Charts - Limbo European Style



The market is holding its breath waiting to see what happens in Europe.

The European Summit meeting is June 28-29, which may cause some cross currents into the weekend.

This week is also the end of the second quarter. 

The US Supreme Court is also expected to overturn a portion of Obamacare on Thursday. That may produce a brief but sellable rally ahead of the EU and the weekend. Very hard to say what will happen in these thin markets.

Next week Wednesday is the US July 4 holiday.