28 July 2015

SP 500 and NDX Futures Daily Charts - Bounce

US equities had a nice bounce today, especially the SP 500, as compared to the tech heavy NDX.
The next two moves will tell us quite a bit more about this.   And especially the NDX which had led the way higher in the last rally which recently crested with the IPO of Paypal.
You have to be agile if you wish to play the wash-rinse game.  I do not recommend it.  The system is set up to wear you down with transactional friction from spreads and fees.
Have a pleasant evening.