Mr Top Step's Danny Riley talks about how the SPZ sold off from its 1289 high down to 1208 , a 6% decline and has made a series of higher lows. Riley also talks about how despite some negatives both in the US and in Europe the markets are marching higher. Riley points out how last Friday and Monday both saw steep declines both days saw big rallies.
Riley talks about the "Best Two Months" for stocks DEC and JAN and makes his end of the year prediction that the S&P would see 1350 to 1385.
Riley says the main trade we are seeing is BUY U.S / SELL Europe.
**Filmed on the trading floor at the CME Group. Produced by MrTopStep Productions.