Is the paint dry yet?

This had to be the lowest volume day this year, or maybe multi-years! It’s definitely the lowest volume I have ever seen in the ES emini….even for half-day trading….less then a million ES contracts traded!

Except for the low volume, today played out as thought, as the S&P twiddles with its June highs. The action tomorrow will be after 2PM and the Fed announcement. Traders are optimistic that the news will be good and the Fed may resume some of their stimulus measures.

Futures are down early this evening. While there are a few economic reports in the morning, there probably isn’t enough there to bring traders back from the Hamptons. Sure hope we don’t have to watch another coat of paint drying.