As the equity markets continue to climb, the S&P has really become a ‘one-sided’ market. With volume so low, selling just doesn't work. One of my work colleges at Mr.
Articles by Danny Riley
MrTopStep launched in January 2009. Our name is derived from the Chicago Board of Trade pits. The most senior member in the "pit" was given the distinction of being able to stand at the "top step."
We provide daily live trade flow from the trading floor as well as news and market observations from large hedge funds and trading desks around the world. We are centralized in the index markets with our desk 10 feet from the S&P futures pit. Our insights are direct from the trading floor and were first delivered on a closed instant message platform for more than 15 years. Now the MrTopStep's IM Pro Trading Room is available to the public, where traders congregate and collaborate on equity, futures, ETFs and options trades. Our professional traders' network reaches from coast to coast and extends overseas.
I know most every trader out there wants to see more volatility, increased ranges and higher volume. This may not happen for a long time.
By Danny Riley, October 13, 2017