Tomorrow we have the MBA Purchase Applications, New Home Sales, Janet Yellen speaks, EIA Petroleum Status Report and a US 5 Year T-Note Auction.
Total Thin to win type trade.
Get the morning sell off and then the mutual funds come right in buying until the close. Who can fight this?
I am starting to think we are getting close to a short term high.
I have the 2020 area as a possible short term top area.
High: 2115.50 recently
Low: 2103.00 early
Last: 2113.20 up 6.5 handles
Volume: 1.1mil ESH and 2k SPH trade
MOC: MOC Sell $1billion