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Volatile Start For The Markets Ahead Of The EU Summit

This morning, the S&P 500 Index e-mini futures (ES Z1) have traded all over the map. In overnight trading, the S&P 500 e-mini futures traded as high as 1268.00 per contract. Right now, at 8:40 am EST, the S&P 500 Index e-mini futures are trading lower by 1.00 point to 1254.00 per contract. These markets are extremely volatile at this time. As many traders know by now, when the S&P 500 Index declines it will usually mean that the U.S. Dollar Index futures (DX Z1) are moving higher. That is certainly the case this morning, the U.S. Dollar Index futures are trading higher by 0.13 cents to $78.71 per contract. The news coming out of the European Union is fast and furious. The best way to follow the European news is to simply follow the U.S. Dollar Index. Remember, the major stock market indexes trade inverse to the U.S. Dollar Index.   ...Continue reading here: bit.ly/sNwsBD