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SP 500 and NDX Futures Daily Charts -

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Jesse
Le Cafe Americain
Published : May 03rd, 2016
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FOLLOW : Georgia Smart Money
Disclaimer
Category : Opinions and Analysis

Stocks were in bounce mode today, off some fairly decent support below as indicated on the charts. Let's see if they can follow through tomorrow and make a dent in some meaningful overhead resistance, or if this was just a flash in the pan.

The economic news is not particularly good, and the smart money continues to shift out of equities from the statistics that I have been seeing.

That, however, does not mean that the algos will not take a crack at the bear specs if they start directionally leaning to the short side.

I comfort myself in knowing that I have the privilege of never, ever voting for Hillary Clinton, no matter what.   That in itself is a consolation.

Have a pleasant evening.
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