Trader's Daily Notebook: S&P 500 Futures Are Approaching a 'Do or Die' Moment

"Chop, chop, choppity chop. Cut off the bottoms and cut off the tops! What there is left, we'll put in the pot. So chop, chop, choppity chop!" -- A popular children's song

Between the U.S. air strike on a Syrian airbase and a jobs report that fell well short of estimates, you'd think the indices would finally succumb to downside pressure. But you would be wrong. In fact, of the four major index ETFs, the worst performer, the SPDR S&P 500 Trust (SPY) , lost a whopping 0.1% on the day. And all ETFs traded fewer shares than their 21-day averages. In a nutshell, Friday's auction was a monotonous chop fest....569 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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