The SP futures closed at 1400 and the NDX futures at 1360.
We *might* have some more downside here even if this is a correction in this summer rally. 1385 or so might be a decent target.
Europe weighs on the market, but volumes remain light.
Earnings and Revenues are not coming in well, so it may be on the central banks to provide some joy juice to the markets. It is likely not to help the real economy however since the monetary transmission systems are on 'shift upward without producing anything of value.'