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Technical Outlook: Will Gold and S&P 500 Make Up Their Minds?

October 13 2011, 09:42

FMX|Connect- WWW.FMXConnect.com (Reported on 10/13/2011)

Technical Outlook: Will Gold and S&P 500 Make Up Their Minds?

Source: EconMatters.com

A lot of eyes were watching the Slovakian Parliament around the closing bell today as they voted on the European Financial Stability Fund (EFSF). The first vote failed to pass the pending legislation, but members of the opposition party have indicated that they will vote for the bill in a second scheduled vote.

The S&P 500 E-Mini futures contract has not sold off sharply on the news, but the trap door risk for equity traders is that the second vote comes up short and the legislation fails unexpectedly. To read the full article, Click Here.

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