‘The S&P 500 1943 and Mutual Fund Monday’

Crude Oil: +6.3%
Dow: +1.33%
S&P: +1.23%
Nasdaq: +1.48%
Bonds: -0.19%
Gold: -1.62%
Dollar Index: +0.82%

HIGH: 1943.00
LOW: 1932.00
LAST: 1938.00 UP 23.5 Handles
TOTAL VOLUME: 300k from Globex, total=825k

FOR TOMORROW:
Redbook, S&P Case-Schiller HPI, Consumer Cofidence, Existing Home Sales, Richmond FED Manufacturing Survery, 2yr Note Auction, and Stanley Fisher Speaks.

The million dollar question: Is the rally real?

Im not sure about that, but I am sure about something else…

At the end of Marck 2015, MOC buying stopped and went hard to MOC selling as the FED prepared to raise interest rates.
At the end of January 2016, there was a $4bil MOC buy imbalance, and the imbalances have been buys ever since then.

There’s a much bigger focus on crude oil today than the S&P.

—
MrTopStep Group
https://mrtopstep.com

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