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If the S&P futures close lower today it will mark the first 3 dat sell off all year
While the S&P has been coming down the last 3 days it is still less than 18 handles away from its 1705.00 contract high. Most of the selling has been coming from the algorithms chasing downside sell stops and arbitrage sell programs / not real selling.
SPU high 1689.20 after the open
SPU low 1680.90 midday
SPU last 1687.50 , down 6.4 handles
Total volume : 1.35mil ESU and 2.5k SPUs traded in the pit
MOC : Sell $10mil
Tomorrow: Chain store sales, Jobless claims, Nat gas numbers and a 30 year bond auction.
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