The S&P has sold off 120 handles in the first two weeks of Dec., and has rallied 62 handles in 24 hours.

This almost seems scripted; ‘look for a low on the 10th trading day of December and rally on the 11th trading day.’ Have you ever seen something so exact?

According to the CME fed fund futures, there is an 81% chance of a rate hike today, but what does it all mean? It has to be one of the most expected rate hikes in history, and already built in, but that doesn’t mean there is not going to be some extreme volilalty.

Yesterday, after you take out Globex volume, the ESZ/ESH spread, and algo volume, the ESH did less than 1 million contracts.

MrTopStep Trading rule on a Fed decision day; fade the initial move, if the ESH sells off sharply we think there will be an even sharper rally.

Crude Oil Expo, and the December Quad Witching With Marco predicting 2% down move on VOL is the name of this game.


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