Coupled with the expansion day yesterday and the two day FED meeting today filled the day for a narrow range day. Tomorrow should be much of the same till after 2:15pm when we get the decision on rates. Folks although it looks weak here I still expect one more push into July before we truly die and see much lower prices.
Stay tuned
MARKETJEDI
Tuesday, June 23, 2009
875
Remember that's the important level to watch on the futures. Do we move down to that level today? As we approach lunch time we are around 886.50 and breached yesterday's lows so it is possible but a 875 end today would be significantly bearish and but the handle in the bears camp.
Financials are slowing giving it up so keep on eye on that sector.
Financials are slowing giving it up so keep on eye on that sector.
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