Forex | Forex | Poor Close in Stock Market Could Be Signaling Short-Term Top (31/07/2009 22:04:59)

Poor Close in Stock Market Could Be Signaling Short-Term Top

The September E-mini S&P 500 market closed lower on Friday, but managed to hold on to gains for the week.  Today’s early session rally failed to take out yesterday’s high despite a better than expected U.S. 2nd Quarter GDP Report.  This could be an indication that this market has run out of buyers at current levels and that a much needed correction is likely.    September Treasury Bonds followed-through to the upside after yesterday’s better than expected Treasury


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