‘The S&P 500 Futures, The Hillary Rally and Dump’

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

HIGH: 2143.50 MID DAY
LOW: 2119 EARLY
LAST: 2133.50 UP 3.5 HANDLES
TOTAL VOLUME: 1.35 mil minis, and 550 bigs traded in the pit

FOR TOMORROW:
Bank Reserve Settlement, MBA Mortgage Applications, Wholesale Trade, EIA Petroleum Status Report, a 10-Yr Note Auction, Neel Kashkari Speaks, and John Williams Speaks.

These are not our fathers markets, nor are they our fathers charts, and it’s never going back.

We’re coming into the end of earnings season.

It takes days and weeks to knock the S&P down, and only 1 to bring it back.

9 day decline was the longest in 36 years.

Biggest one day rally for all 3 indicies since March 1.

This has been a very hard trade. It’s almost better to take a back seat to this.

Goldman says the S&P will close out the year at 2100.

Volume is a little lower than yesterday…Risk off.

My gut says once the news comes out about the election, start looking for a low.

Tune into the MrTopStep Periscope channel tonight for some election market updates.


MrTopStep Group
https://mrtopstep.com

Questions: info@mrtopstep.com

Follow Us On Facebook and Twitter For More Intra-Day Market Updates!
https://www.facebook.com/mrtopstep
https://twitter.com/MrTopStep (@MrTopStep)

Dont Forget To Subscribe To Our YouTube Channel!
Sign Up Here: http://www.youtube.com/mrtopstepgroup

 

Follow MrTopStep in our Social Space:

Danny Riley (1375 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.


Leave a Reply