$SPX: Data Caution

FX:SPX500   S&P 500 Index
57 0 0
This morning the $SPX             market opened at 46.50 when futures (June) were trading at 43.50.........about a three point negative spread. At today' high of 65.25 futures 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 futures data to construct $SPX             data, added that to the futures 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 futures held 35 in ON trading. In $SPX             terms, the market held the 38/39 area.
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