A Look At Friday's Market Close On This Nanex Chart
The S&P 500 closed this week down the most since late May. Kissing a low of $1,893.25 afterhours may lead many to wonder how Monday will be with the bond market closed.
Those who watch the order book in place of, for example, past price on moving averages, may be interested in the following chart displaying the lack of liquidity on the bid as the S&P 500 e-mini pushed below the $1,900 level.
The thinner red you see on the left-hand side of the chart shows where the participants shut-down shop and stopped playing the e-Mini futures trading game with the U.S. Fed before the bid completely disappeared and the price slide.
Look for the volatility by following from the left to right and ride the final wave to sub-$1,900 to close out a week of wild trading.
Courtesy of Nanex, LLC:
(Please Click To Enlarge)
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