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S&P Sell Program Dau

Published 12/11/2014, 01:10 AM
Updated 05/14/2017, 06:45 AM

There’s a couple negatives in the market starting with Draghi and his possible lack of political cover for further policy support. On top of that, Crude Oil dumped again with a huge sell off.

There’s really no surprises here, if the S&P 500 was going to have a down week, then this is the week to do it, and its playing right into the Pit Bulls Thursday/Friday low and the December quad witch.

Does a down 32 handle day mean the end of the world?…I dont think so, it just means there are some sellers coming in, and that means more buy stops. At the end of the day, the S&P is due for a pull back, but going into the holiday’s, I dont think we’re going to get it.

Lets hear some feedback!!!

High 2054.00 early
Low 2023.50 late
Last 2025.50 down 32 handles

Total volume: 2mil minis and 4.5k SPZ trade in the pit

MOC MIM had 660mil to sell Actual was MOC sell $1.8bil SPX was sell $3.1bil implied

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