‘S&P 500 Futures and the End of the Year March’

Commentary, News, S&P 500, Technical Analysis, The Closing Print, Trades, Video

High: 2057.75 Mid afternoon
Low: 2041.75 Early, or after the open
Last: 2055.25, UP 20.75 handles
Volume: Lower than I expected, under 1 mil ESH and 2k SPH traded in the pit.
MOC: MiM showed $200mil to sell, ACTUAL MOC was FLAT to small to sell – Everyone left for Christmas.

Tomorrow: Jobless Claims, EIA Natural Gas Report, 3-Month and 6 month Bill Announcement, 2-Yr and 5- and 7Yr Note Announcement, Fed Balance Sheet Money Supply…CME Closes Early!

Santa Giving the Bears Some Heartburn.

Santa came late to the party but at least he showed. Since the ESH16 made its day session low at 1995.25 on Monday the ES has rallied 64.5 handles

I talked about the 3 higher lows and how I though as volume dropped the ES would rally and that is exactly what’s happing.

I also said they would mark up energy stocks and had they not this rally may not have been so strong.
End of year contest

As far as the Santa Claus rally— we define it as the last five days of the year and the first two of the new year— there could be another small sell off, but that will just help reload Santa’s sleigh.

Enter the MrTopStep Year End Settlement Contest for a chance to win $1,000!!!

2015 Year End Settlement Contest


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Danny Riley (2873 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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