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A day late and a dollar shot is how this has worked for the last two days.
We called for higher process Monday but it came on Turn -a-round Tuesday instead…
Its been all buy stops and buy programs today in front of tomorrows Fed minutes…
SPU high 1656.50 midday
SPU low 1643.50 early
SPU last 1651.30, up 6.4 handles
Volume: 1.55mil ESU and 2.5k SPU trade
MOC : Sell $528mil
Tomorrow: MBA Purchase aps. Existing homes sales, API and the FOMC minutes
Everyone got a little too short in-front of the Fed minutes…
And the MIM worked prefect… showed big for sale and the futures sold off 5 handles
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MrTopStep Group
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