Tomorrow we have the Gallup US ECI, William Dudley and Narayana Kocherlakota speaking from the Fed, Redbook, JOLTS, 3 Yr-Note Auction, Consumer Credit, and Alcoa kicks off the earnings season Wednesday morning.
Do you like the title of today’s video?
Well it’s the truth. The Agos drove the S&P futures lower during Friday’s abbreviated trading session, and then the Algos drove the S&P futures higher taking advantage of extremely low volume conditions on both days.
Just like what The Pit Bulls says about trading futures, like treading water in the bathtub, putting the Puget Sound, and the sell stops Friday and pushing the futures back up, then hitting buy stops today.
The question traders should be asking themselves is do the mutual funds use the shorts to drive future back up?
Tomorrows chart will show how the Pit Bull called out the QCHA and how much the ES went up after he kept pointing out higher readings.
High: 2079.80 Mid-Afternoon
Low: 2047.20 After the open
Last: 2074.50, UP 15 handles
Volume: LOW 900k ESM, and 2.7k SPU traded in the pit.
MOC: MiM showed Buy $90mil actual came out, MOC Buy $230mil.
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