Did QEternity Finally Kill Stocks? S&P Futures in 1 Point Range Last 2 Hours

Tyler Durden's picture

Volumes are dreadful this morning in cash and futures. S&P 500 e-mini futures (ES) have seen a ridiculously low 5pt range since the open last night but in the last 2 hours, the ES has traded in a 1 point range between 1456 and 1457! Meanwhile Dow Transports are deteriorating again...

 

Clearly dominated by the algos as ES clings to VWAP...

 

but Trannies are losing steam again...

 

Charts: Bloomberg