Wednesday, October 16, 2013

SPYs Are Remarkably Well-Behaved Considering the Political Backdrop

Above is a 15 minute chart of the SPYs, which covers the last six trading days.  What's really interesting is how remarkably calm the price action is.  We see the big candle up on October 10th and the sharp drop at the open on the 14th, but aside from those events trading has been remarkably calm considering the Washington situation.