SP 500 and NDX Futures Daily Charts – BofE’s Carney Saves the End of Quarter

Jon Blogosphere, Economy, Market Commentary

Today was the last trading day for the second quarter of 2016.
The Bank of England’s Mark Carney pledged today to do whatever the Bank must do to support Britain’s economy.
And on that accommodative note, global paper assets turned around and took some legs higher.
I am starting to think bearish thoughts here, but wish to see what stocks do when they hit the overhead support levels.
As you can see, they bounced very nicely on the underlying support. The NDX is particularly well-behaved, with the SP futures being the pivot on stock market upside interventions.

This post was published at Jesses Crossroads Cafe on 30 JUNE 2016.