SPX 500 - Thursday 06-14-12
The SPX 500 sits about 3 points higher than Wednesday’s close (as of 8:45am ET). US Unemployment claims caused some volatility at the release (386k actual vs. 377k expected). As equities bounce higher, Greek uncertainty still remains. Wednesday’s high 1,327 area and should come in as a major resistance point.
The USD has declined prior to the US open and the 10,150 area could come in as the next major support level. Use proper risk management as we approach Greek elections and FOMC next week.