MrTopStep Mid-Day Update: ‘The S&P 500 and Troubled Waters’

Commentary, News, Technical Analysis, The Closing Print, Video

These are not our fathers markets, and they are not our fathers charts.

As of this recording, the S&P is on the lows, and is currently down 25 handles.

The FED has run out of bullets and its got everyone spooked.

Quantitative easing around the world is wearing off.

My main concern is the end of the quarter reblance.

This is a long time coming. The credit crisis low was set in 2009, and there have been very few pullbacks.

The down side is loaded with sell stops.

Look for me on ‘The Final 45’ every day starting at 2:15pm CST.

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Danny Riley (3417 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.

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