The volume in the S&P is as low as it would be on a holiday, like Christmas.
As we said last week, there is less than 50% of the economic releases as we had last
week only a little Fed Speak.
When you take out the volume of 120k in the ESU trades on Globex, the total volume
for the day drops down contract, only.
Opening range 1701.00-1701.20
Volume ESU/800k SPU/2.25k
MOC to buy 170 million
Chales Evans (Fed) speaks
3 Yr Note Auction
The Dog Days of August are here and it’s been very slow
And, most people we talk to think it will be dead the rest of the month….
We hope not.