Failure?
Both the NDH and the SPH rallied close to Friday’s highs before reversing course sharply. The battle lines seem to be clearly drawn near the post-Fed-rate-cut highs. Increasingly we are seeing less and less volume trading in the pits as players seem to be waiting for the FOMC meeting on January 30-31 before making any plays.
As for the remainder of today’s session, I would look for the SPH to make a move towards 1332.