‘S&P 500 Futures; Ho Ho Ho, or Ho Ho Hoax?’

Commentary, E-mini S&P 500, News, S&P 500, Stocks, Technical Analysis, The Closing Print, Trades, Video

High: 2014.50 Early
Low: 1995.75 Late Morning
3:45 Cash Close 2003.75,
3:15 Futures close;

MOC: MIM was showing as much as $1.3bil for sale and flipped, actual MOC ended up sell $500 mil.

Tomorrow: GPD, Corporate Profits, RedBook, FHFA House Price Index, Existing Home Sales, and Richmond Fed Manufacturing Index.

So will it Ho ho ho, or Ho ho Haox at year end? Is Santa on vacation and not coming back?
I dont think so, and wasn’t day session a higher low?

Last Mondays low was 1983.75, Fridays low 1991.00 and today’s low was 1995.75, thats 3 higher lows in a row.

I don’t care about my year end call.. that’s kaput! But that doesn’t mean there isn’t going to be some type of year end rip, and it may have started on todays close.

Thin to Win takes Over: Including today there are 2 ½ trading days left in the week, and next week there are a total of 3 1/2 trading days next, with the exchange closed on Friday…We’re Running out of time.

I don’t think anything has changed; sell off, get everyone short and rally, that’s how this year will end.

All the big ups and downs, and the S&P goes out unchanged…

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Danny Riley (3544 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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