11 July 2012

SP 500 and NDX Futures Daily Charts - Turning Japanese



The market churned within a trend today, with much of the same effect as the House Republicans who symbolically voted to repeal the Affordable Healthcare Act for the 33rd time.

This slow and predictable market action is starting to make Waiting for Godot look like Philip Glenister in Life on Mars. Gene Genie.

The Fed did not offer hopes for more quantitative easing in the release of its June notes, so the market dipped and then bounced back to a tighter close.

Intraday commentary and a short term chart here.