Slow week and very few economic reports...
LOW: 1961.40 Early
LAST: 1967.00 UP 14.50 handles
TOTAL VOLUME: 800k minis; 2.2k bigs
MOC: BUY $1billion
Slow-Mo in the S&P's today...Stayed in a 2 handle range the last 4 hours
Consumer Price Index (CPI)
Slow week - Very few economic reports
FED minutes on Wednesday and no releases on Friday
We all know Monday's start out the week slow, but Friday the S&P did 1.8mil contracts and today including Globex it was only 800k.
I said at 1930 I thought we would see 1960 before 1900 again, now I think we will see new highs before we see 1930 again.
All the selling did was build up buy stops.