Since things are quiet ......Here are a few things that may attract comment.
Plan on Debt Vote announced about 8pm eastern. Still has to pass voting butt ......
I see little excitement showing up in the markets, tho it is Asian trade and Sunday night.
Thought Dx would move more, it hasn't ....Hanging around 74.05
Gold down about 14 bucks so far. I do expect Gold to drop, certainly after final vote.
I joked about ES and YM - Emini SnP and DJ the other night.
- Both gapped up quite a bit on market open, even before the 8pm announcement, although there was earlier speculation that an agreement was forthcoming.
ESU11 now up 20.25
YMU11 now up 183
So, unless things change dramatically, the market will be up quite a bit in the morning !!
Also, Dx has now dropped back to 74.005 at the moment. Maybe they don't trust us ???
NGU11 now up to 4.165, bouncing off of what I called possible weak support at 4.12. I don't expect this to go very far and be relatively short lived ...Today, maybe tomorrow ??
Wayne ?? Why are you looking at NGZ11 (Dec).?? Current month being actively traded is Sept. and Dec. has the front end of the winter heating demand already showing up in price.
- Unless you have "strong feelings, explain" maybe you could focus on Sept. You mentioned the storm "Don" with your chart, but that is so far removed from Dec. I don't see any possible relationship.
The discussion with CeeJay pretty much centers on "how quickly" current events show up in price on the chart.