‘S&P 500 Futures: The Thanksgiving Rip and the Best 6 Months For Stocks’

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

HIGH: 2195.25 ew All Time High!
LOW: 2184.75 Early
LAST: 2192.75 Up 12 Handles
TOTAL VOLUME: 880k minis, and 300 bigs traded in the pit.

Redbook, Existing Home Sales, Richmond Fed Manufacturing Index, a 4-Week Bill Auction, a 2-Yr FRN Note Auction, and a 5-Yr Note Auction.
15 economic releases this week with Wednesday being the big day.
People are getting squeezed out of the market.

Volume is going to drop this week. This will create a ‘thin to win’ environment.

The trend is definitely your friend with these seasonalities.

When you think you know more than the markets, you will get shafted.

Has the S&P gone too far too fast?

What do you think about these markets? Leave your comments below.

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Danny Riley (3417 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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