Range Bound

Not expecting another big selloff here.  The EU summit will result in nothing as usual, and expectations are low as usual. 

The low that we hit on June 4 was climactic, and will be able to keep this market above 1295 for the next couple of weeks.  We are pulling back to work off the overbought reading since the rally off the bottom.  We should grind higher from today for the remainder of the week.  I am leaning bullish.