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The S&P 500 Emini Futures along with most other markets gapped open lower on the Globex open Sunday night. As the Asian markets unfolded the sell-off abated. As London opened it was a steady move higher with the Euro 6E leading the way. After a bullish open on Wall Street it all unravelled rather quickly, only to put in a somewhat modest rally attempt into the close.
The good news is this - We spent most of last week stuck inside a 7 (seven) point range on the S&P 500 Emini Futures. Today in 2 hours the market managed to move 13 points during the U.S. session. As we wrote last week, when the river is flowing, Emini Futures Traders are happy campers.
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