Post Close Charts & Musings (SPX)
|15 min ES_F|
What i can say about today… the markets are thin, participants are quick to pull the trigger to roll in and out of positions & trade what is in front of you.
The fade from highs today was almost a gimmie trade though it took much patience in gauging the price action up into the 1196.25’s… the action was lethargic and sporadic at best. The dollar from the moment cash open saw a consistant bid all the way up to 79.48 which coincided with ES testing the opening cash range of 1182.5 .. twice. kabash.
The closing print shenanigans was nothing more than games to get individuals to puke positions. It worked. Euro still falling into 1.33 … Crude is down .7% @ 97.54.. remember 100.74 printed this morning… Thin markets = wild moves…. If the magic euro crosses 1.33 and stays below look for equities to give up the bacon… Crude already lead us up friday.. and is foreshadowing at possible weakening/profit taking in the euro tonight…
|1 min ES|