Next weeks shortened holiday week included 10 T-bill or T-bond auctions or announcements and 17 economic releases. Monday eco calendar includes the Chicago Fed National Activity Index, Existing homes sales and a 2 Yr-Note auction.
The ESH was down 7 days in a row and rallied 95 handles in 2 days not including today’s gains.
Talk about your feeling for what happened; Where did all those idiots from CNBC and FOX go that were calling for a crash?
7 down days in a row for a total of -113 handles and then up 95 handles in 2 days and
get everyone short into the decline / mutual buy cash / ES runs buy stops and the news algos push it back up … all goes down to zero borrowing cost.
High 2075.80
Low 2057.00
Last 2071.90
Volume 1.65mil 10k ESH traded
MOC Sell $234mil