Something Is Going On… Oh! Never Mind

A day after the historic British referendum regarding her continued membership in EU, on Friday June 24th 2016, the S&P 500 plunged -75.91 points or -3.6%. The next day, i.e. Monday June 27th, S&P 500 lost 36.87 points more or -1.8%. So, the net result two days after the upheaval in Europe was that S&P 500 shed 112.78 points or…

Market Diary – Wednesday, June 29, 2016

Directional Bias For The Day: The bias is to the upside, though extremely dependent upon news / rumors regarding Brexit Critical resistance levels for S&P 500 are 2049.10, 2054.96 and 2073.47; Critical support levels for S&P 500 is 2015 Early morning futures price action is encouraging; S&P 500 futures are up by +15.25; Dow Futures by +124.00 and NASDAQ…