01 September 2016

SP 500 and NDX Futures Daily Charts - Pop R' Drop

Just to net this all out for you, the equity markets have been in an extraordinarily tight trading range since the post-Brexit rally that has stalled out, or roughly the middle of July.

They are ranging back and forth, on fairly light volumes, trying to decide which way to go.

Tomorrow we will be seeing one of the more important Non-Farm Payrolls reports, because of the implications that it might have for the Fed's next move on interest rates in September.

And so we might finally see a breakout, or breakdown, from this trading range.

So like many others I will be watching it to see if this gives us some direction.

Have a pleasant evening.