Market Outlook -The slurry of contrarian indicators does its work and the markets continue to rise under the drift down of the $DXY. Again, we’ve got to keep our eyes on this one. The contracts also roll to December and now we are looking at the Z contracts. Currently the Z contract is 20 points higher than the U contract in the ES_F and we are likely to fill that gap.
Here’s the SPY
Chatter is limited and next week remains the very big week for activities and news. CPI and UMich sentiment