'The S&P 500 Futures: Complacency and Destroying The Status Quo'

on January 31, 2017

HIGH: 2272.50 Early
LOW: 2262.25 Mid Morning
LAST: 2263.75 DOWN 12.75 Handles
TOTAL VOLUME: 1.1 mil minis, with 200k from Globex
MOC: Still Early

FOR TOMORROW:
Bank Reserve Settlement, Motor Vehicle Sales, MBA Mortgage Applications, ADP Employment Report, Gallup U.S. Job Creation Index, a 3-Yr Note Announcement, a 10-Yr Note Announcement, a 30-Yr Bond Announcement, Treasury Refunding Announcement, PMI Manufacturing Index, ISM Mfg Index, Construction Spending, EIA Petroleum Status Report, and the FOMC Meeting Announcement.
DOWNSIDE WARNING:
They’re selling the big names and buying the small names. Everyone keeps buying the dips, and I think that it’s going to bite us in the behind very soon.

Has the dam broke? I think it has. Im excited, but Im also a little scared. We are going to see some wild swings this year.

Im a Bull, but Im no fool!

MrTopStep Bootcamp starts Monday. Im going to be in there every day talking along with some other great traders. It’s a great deal for full week of access to our trading room.