S&P Tests June 8 Low After Spanish Bank Bailout Optimism Fades (Chart)

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The market did not care about the EUR 100 billion Spanish bank bailout. Next up, the Greek election on June 17 to see if they leave the eurozone, and the Fed's FOMC meeting on June 19-20 to see if there's another round of QE. The S&P is now testing the low on June 8.

S&P 500 (source: freestockcharts.com)