Indexes gave up all gains at the end of the trading day

After the S&P opened 28 points higher there was a slow trend lower and steady selling through out the day ending with a selling climax to close….  virtually closed unchanged… The S&P has closed inside the last 3 days leaving a bit of a coil. A breakout of either the weekly high of 2078.00 or 2034.25 will be very important levels to watch…

 

7-9-2015 ES

Damon Pavlatos

About Damon Pavlatos

Damon Pavlatos has 37 years of multi-faceted Commodity Futures industry experience. Since 1978 he has held Exchange Memberships on the CME,CBOT and Mid America Exchange. He has traded Futures and Options for 32 years specializing in Stock Index Futures. From 1981 to 2000, Damon managed the CME Index and Floor operations for Shearson American Express, L.I.T. America, Gerald Inc. and Rand Financial. During his many years in the industry Damon has supplied Technical Market Analysis for various Index Funds, Institutions, and Exchange Members and has been featured at Tradeshows, Futures Seminars and in various trading books. In 2000 Damon became a Principal Partner of FuturePath Trading LLC® and PhotonTrader®. FuturePath Trading LLC (FPT) is an IIB in the Futures and Forex industry.FuturePath is a Technology driven Futures brokerage firm that currently owns an electronic software Trading Platform called PhotonTrader. In 2010 Damon joined as TD Ameritrade as the Managing Director of Futures to assist in technology innovations with the TOS platform. Damon returned to his roots in 2012 and is currently is the CEO and Principal Partner with FuturePath Trading LLC and PhotonTrader.