High: 2054.75 Noon CT
Low: 2030.25 Late
2:45 Imbalance 2041.25, down 12.5 handles
3:00 cash close 2034.50, down 20 handles, or -1%.
3:15 Futures Special settlement 2035.40.
Volume: LOW despite the drop; only 1 mil ESH and 3k SPH traded.
2:45 CT Imbalance MiM showed -$1.8 bil for sale early and actual was sell $1.1bil.
3:15 CT Year end settlement price 2035.40, down 19.2 handles.
Frist trading week of the year has a busy economic schedule; it includes a total of 23 separate economic releases, 10 T-bill or T-bond auctions or announcements, the FOMC Minutes and the December jobs report. Monday’s trade starts out the week with PMI Manufacturing Index, ISM Mfg Index, Construction Spending, 6 Month T-bill Auction and the Gallup US Consumers Spending Measure.
9 out of 10 sectors in the S&P are down, all but the energy. Oil down 30% in 2015 / Gold down -10%, Bonds down -1%, Dow futures -2.5% , S&P futures down -0.90% , Nasdaq 100 futures up +8.4% and Apple’s first negative year since 2008.
2016 Predictions; More of the same, choppy up and down price action.
Concerns? Fed’s $4.5tillion balance sheet and rising interest rates.
ES range 1700.00 to 2250.00. I know a lot of folks are looking for a big sell off in the first quarter, but I think whatever the selloff ends up the ES will bounce again.
2016; New Year and New trading opportunities.
Thank everyone, Yahoo and Investing.com and all our friends all over the world!
Happy New Year!
Dont Forget To Subscribe To Our YouTube Channel!
Sign Up Here: http://www.youtube.com/mrtopstepgroup