For tomorrow, we have day 2 of the Fed’s final meeting of 2014, MBA Purchase Applications, Consumer Price Index, Current Account, EIA Petroleum Status Report, FOMC Announcement, FOMC Chair Press Conference.
Today was a wild day of increased volatility, here’s a list of the moves made today:
1961.50 low to 2011.00 = +50 handle rally
2011 high to 1981.00 = -30 handle sell off
1981.00 low to 1992 = +11 handle rally
1992 high down to 1963 = -29 handle sell off
And hundreds of handles in between !!!!
VIX up to 24.66 then down to 19.73 than back up to 22.20
Tomorrows fed meeting could be very important to the S&P. Does that make a wording change with 11 trading days left in the year?
Turn things upside down going into the Christmas holiday?
With only 3 more days left until the December settles, I bet the option players cant wait to get Dec off the books There’s 6 Trading Days until Christmas, and only 11 Trading Days left in 2014.
High 2010.70 mid morning
Low 1969.00 early
Last 1974.30 , down 9 handles
Volume 3.5mil 1.2mil ES and 650k GLOBEX 2k SPH
MOC Sell $600 mil