Market Shrugs Off Brexit … For Now

The market bounce after the steep fall post-Brexit vote has been sharp and swift. Usually market takes stairs to go up but takes elevator to go down. This time it seems that it is using elevator both ways. Based upon the disruption created by UK’s decision to leave EU everyone expected the markets to continue decline. So…

Market Diary – Thursday, June 30, 2016

Directional Bias For The Day: The bias is to the upside, albeit, modestly Critical resistance levels for S&P 500 are 2082.54 and 2092.64; Critical support levels for S&P 500 are 2063.11 and 2051.26 Early morning futures price action is indecisive. After making a high of 2074.75 post-NYSE session, futures dropped to 2056.50 before London session open.…