The S&P 500 closed this week down the most since late in May this year. Kissing a low of $1,883.25 after- hours leaves many to wonder how Monday will be with the bond market closed.
Those who watch the order book in place of say, past price on moving averages, may be interested in the following chart displaying very clearly 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 shutdown shop and stopped playing the E-Mini futures trading game with the US FED before the bid completely disappeared and the price slide.
The volatility is a thing of beauty if your let your eyes 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: