FX:SPX500 S&P 500 index of US listed shares
This morning the $SPX market opened at 46.50 when (June) were trading at 43.50.........about a three point negative spread. At today' high of 65.25 were trading at 68.50.....a positive spread of 3.25 which is highly unusual. Friday the spread was around 3.5 points and the folks at Market View, who use data to construct $SPX data, added that to the number of 68.50 and arrived at a high of something close to 72 when the real high was 65.25. They did nothing wrong; market spreads simply broke down. Anyway, in terms of price behavior we simply made last Friday "go away" after held 35 in ON trading. In $SPX terms, the market held the 38/39 area.