Jerry I agree with your post I think the calls for a bigger move out of today's announcement just doesn't add up but I know the Market can have a mind of its own and on occasion surprise us with its ability to get traction in odd places but I doubt it today.
Feels like we have entered the summer doldrums with low volume trading.
Bigger picture here is the spx daily and the over throw of the wedge being a 5th wave up off the April 2 2553 low and a few who see this as an Ending Diagonal that can reverse in this 2800 region and start a lengthy correction, I seriously have my doubts about that bigger move happening right here. What with end of Quarter and Earnings just ahead....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.