Mondays always start the week out slow but today was an extreme example
Tomorrow we have Redbook, S&P Case-Shiller HPI, PMI Services Flash, Consumer Confidence, Janet Yellen speaking at the semi-annual monetary policy testimony to Senate Banking Committee, in Washington, Richmond Manufacturing Index, 2 Yr-Note Auction.
ESH15 Volume has disappeared
Decent amount of fed speak this week starting with Janet Yellen speaking tomorrow and Wednesday at the semi-annual monetary policy testimony in Washington DC.
Friday, William Dudley speaks, Loretta Mester speaks and Stanley Fisher speaks.
I think we could be entering an even slower period- S&P needs to pull back and back and fill before the next leg up , 2120 , 2150
High: 2106.00 mi-day
Low: 2100.00 mid-morning
Last: 2104.00 , down 2.5 handles
Volume: SUPER LOW – GLOBEX was 110k total volume is around 800k that means less than 700k ES traded in the day session – up too high to buy and too firm to sell
MOC MiM showed Buy $252 mil to buy ACTUAL was MOC BUY $170mil
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