‘S&P 500 Futures; 2016 a Sea of Red’

Commentary, News, The Closing Print, Video

HIGH: 1882.00
LOW: 1849.25
LAST: 1872.00 DOWN 42.50 Handles
TOTAL VOLUME: 3.4mil ESH, and 8k SPH traded in the pit.
MOC: $2bil to BUY

Shortened economic calendar because of the holiday Monday. There are a total of 10 economic reports and 10 T-Bill/T-Bond auctions and announcement, and a lot of housing numbers. The week starts off with the Housing Market Index, Treasury Inter. Capital, and a 3-6 month bill auction.

Well so much for thinking the S&P could reverse Friday…It’s been a complete mess in 2016! As the title reads, it’s been a sea of Red!

Yesterday the ES made a high of 1928.50 and in the last 24 hours it has dropped 80 handles. I have to ask? Is this the new normal?

I have to stick to my rules – Buy/Sell and dont fall in love with your positions…

MrTopStep Group

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