Swing Low?

Tech indices are best placed to benefit, but a non-Brexit could trigger a summer-long pop.

With Thursday's vote coming up, it's looking unlikely markets are going to make a sudden move before then.

The S&P posted a small gain and helped to relieve the pressure exerted on bulls by yesterday's late selling.
 


The Nasdaq was little changed.  The 200-day MA is available as support. Technicals improved without a shift to net green for any.
 


The Russell 2000 held on to the upper range of yesterday's gain. The swing low is looking good with the 20-day MA and 50-day MA offering themselves as support. This has the look of a solid swing low (with a stop below 1,123).
 



Look for indices to add to today. Tech indices are best placed to benefit, but a non-Brexit could trigger a summer long pop.

I'll be working in NY for a few weeks starting Monday. I'll be on vacation for part of this trip and at the end. Look for sporadic updates until then.

Disclosure:

None.

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