The Calm inside the Storm
The end of May and beginning of June was accomplished last week, along with a little debt ceiling drama. Next week shows us rollover and expiration, plus the FOMC, and the beginning of earnings season. This week, there is an emptiness in terms of forces that drive the market.
What do we expect? We expect that we will need to be patient and observe this market to find our advantage. This is the third day of June. The market opened the week at 4288.00.
The Premium in the ES is huge. The Sept contract opened the week at 4330.75. That's 42.75 points higher. Just under 1%.
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