GDP Growth and Rate Hike …

This morning GDP growth rate was published. It’s lower than expected. Considering the Feds comment on the future rate hike earlier this week, this lower than expected GDP number may ease some concerns on the feds. So we may see mkt going higher later today. S&P did reverse itself at 1120 support.

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Last minute surge …

It has caught my attention that ES has been surging in the past half hour or so. If you are patient and wait for this last moment, then go long you would have made money in the past week. I contribute it to institutional buying spree since many prints are pretty big lots of more than 100 contracts.