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S+P 500 makes it two negative daily closes in a row

There can be little doubt that the cross-over between the Nasdaq 100 and the S+P 500 pushed the S+P lower yesterday and that resulted in the index posting a second successive lower daily close. The S+P 500 closed 30 points lower last night, at 4,975. So far today the index future has not managed to rebound at all and remains pricing a reopening for later today, at or perhaps just below where it closed yesterday. That is despite a rebound in the Chinese markets today. The Nikkei 225 has not followed suit though and that might be why. Perhaps we should also not forget; that the Chinese markets are being officially manipulated higher and not rebounding under their own steam. 
 

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