Is today's range of the SP future the lowest ever recorded?

I mean the ESHO regular session (No pre-holiday) High 1140,50 - Low 1136,00 = 4.5 points

5-7-2007 4.5 2-19-2007 4.75 11-21-2006 4.25 8-30-2006 5.0 5-8-2006 4.25 1-30-2006 5.0 12-23-2005 4.75 11-25-2005 5.0 5-27-2005 4.5 2-14-2005 4.5 12-29-2004 4.5 10-11-2004 5.0 8-26-2004 4.75 7-13-2004 5.0 6-11-2004 4.0 12-30-2003 4.0 12-26-2003 4.5 1-31-2001 2.75 9-6-2000 1.0 8-24-1999 1.25 6-5-1998 1.75 I am not 100% confident my data base is correct, but should be close. some of the real low ranges may have been around a Holiday, as Globex records futures on Holidays where the markets are closed. Bottom line, today was one of the lowest on record. and also note the majority of them are after the 2003 bottom. Feb 19 2007 is interesting because that was 10 calendar days before Feb 27 2007 or the 1st shot across the bow before the 2007 top occurred.

5-7-2007 4.5
2-19-2007 4.75
11-21-2006 4.25
8-30-2006 5.0
5-8-2006 4.25
1-30-2006 5.0
12-23-2005 4.75
11-25-2005 5.0
5-27-2005 4.5
2-14-2005 4.5
12-29-2004 4.5
10-11-2004 5.0
8-26-2004 4.75
7-13-2004 5.0
6-11-2004 4.0
12-30-2003 4.0
12-26-2003 4.5
1-31-2001 2.75
9-6-2000 1.0
8-24-1999 1.25
6-5-1998 1.75

I am not 100% confident my data base is correct, but should be close. some of the real low ranges may have been around a Holiday, as Globex records futures on Holidays where the markets are closed. Bottom line, today was one of the lowest on record. and also note the majority of them are after the 2003 bottom. Feb 19 2007 is interesting because that was 10 calendar days before Feb 27 2007 or the 1st shot across the bow before the 2007 top occurred.

2/19/07 was a holiday. Since you consider 2/27/07 a pivot pls look up 4/9/07 and 4/10/07 and tell us where we stand now based on the above logic.

Perhaps points wise it was matched before, I wonder what the range is as a percentage of the price... Darris, do you mind?

Will, right, so the logic does not apply, however, in the new summary below Feb 15 and 16 2007 renew the logic. Now, this summary is based on SPY high-low range, and takes into account Arbman's % range consideration. I am much more confident the spy data is correct, as my ES mini data base was adjusted for each rollover, so more of a continuous contract data base and I can not verify the accuracy or assess the percent range using that data. The sort criteria used was 0.004% which is just slightly above the % range for today. The time frame expands back to the inception of the SPY ETF, but I am not sure how it accounts for dividend adjustments, so the data will not be perfect. Most of the data of small ranges is concentrated from 1993 to 1996, then a long 5 year period with no hits. The data from late 2001 until 2007 would then be more interesting and reasonable for analysis. The Aug 2006 to the last occurrence in May 2007 is the most interesting to me, because beginning in Aug 2006 that was Bear Killer advance thru the Seasonal weak period. The issue going forward now, is do we continue to get additional small range days while price grinds a little higher. Good luck!! Date High Low spy%range 3/16/93 45.44 45.31 0.002869124 3/23/93 44.94 44.81 0.002901138 3/30/93 45.22 45.09 0.002883123 4/14/93 45.06 44.91 0.003340013 4/16/93 45.03 44.88 0.003342246 5/6/93 44.56 44.41 0.003377618 5/12/93 44.59 44.44 0.003375338 5/25/93 45.13 45.03 0.002220742 6/3/93 45.5 45.34 0.003528893 6/14/93 45.19 45.03 0.003553187 6/17/93 45.19 45.03 0.003553187 6/21/93 44.63 44.53 0.002245677 6/22/93 44.66 44.56 0.002244165 6/25/93 44.91 44.75 0.003575419 7/12/93 44.97 44.84 0.002899197 7/19/93 44.75 44.59 0.003588248 7/21/93 44.81 44.66 0.00335871 7/23/93 44.72 44.56 0.003590664 7/28/93 44.94 44.78 0.003573024 8/5/93 45 44.84 0.003568243 8/6/93 45.06 44.91 0.003340013 8/10/93 45.22 45.13 0.001994239 8/11/93 45.31 45.16 0.003321523 8/13/93 45.16 45.09 0.001552451 8/19/93 45.81 45.72 0.001968504 8/20/93 45.81 45.66 0.003285151 8/23/93 45.75 45.63 0.002629849 8/27/93 46.25 46.16 0.00194974 9/1/93 46.59 46.41 0.003878474 9/13/93 46.56 46.44 0.002583979 9/16/93 46.34 46.16 0.00389948 9/17/93 45.91 45.75 0.003497268 9/24/93 45.88 45.72 0.003499563 9/27/93 46.28 46.13 0.00325168 9/28/93 46.31 46.16 0.003249567 10/4/93 46.22 46.09 0.002820568 10/11/93 46.25 46.16 0.00194974 10/12/93 46.25 46.19 0.001298982 10/13/93 46.25 46.16 0.00194974 10/18/93 47.03 46.88 0.003199659 10/21/93 46.69 46.53 0.003438642 10/27/93 46.53 46.41 0.00258565 10/29/93 46.88 46.78 0.002137666 11/19/93 46.38 46.22 0.003461705 11/24/93 46.5 46.34 0.003452741 11/26/93 46.59 46.47 0.002582311 12/2/93 46.56 46.41 0.003232062 12/6/93 46.94 46.78 0.003420265 12/7/93 46.91 46.78 0.002778965 12/8/93 46.84 46.78 0.001282599 12/15/93 46.63 46.47 0.003443082 12/16/93 46.66 46.56 0.002147766 12/20/93 46.66 46.5 0.00344086 12/21/93 46.56 46.41 0.003232062 12/23/93 46.84 46.69 0.003212679 12/29/93 47.16 47 0.003404255 1/6/94 46.84 46.69 0.003212679 1/13/94 47.31 47.16 0.003180662 1/14/94 47.5 47.38 0.002532714 1/17/94 47.47 47.31 0.003381949 1/18/94 47.53 47.38 0.003165893 1/20/94 47.5 47.38 0.002532714 1/25/94 47.25 47.09 0.003397749 1/28/94 48.03 47.88 0.003132832 2/2/94 48.28 48.09 0.003950925 3/7/94 47 46.84 0.003415884 3/23/94 47.06 46.91 0.003197612 4/26/94 45.34 45.19 0.003319318 6/2/94 46.05 45.89 0.003486598 6/9/94 46.03 45.89 0.003050774 6/10/94 46.2 46.08 0.002604167 6/13/94 46.19 46.03 0.003475994 6/16/94 46.47 46.3 0.003671706 7/15/94 45.48 45.33 0.003309067 7/19/94 45.56 45.38 0.003966505 7/22/94 45.41 45.25 0.003535912 7/25/94 45.45 45.31 0.003089826 7/26/94 45.42 45.31 0.00242772 8/3/94 46.23 46.09 0.003037535 8/5/94 45.84 45.66 0.003942181 8/8/94 45.94 45.78 0.003494976 8/15/94 46.48 46.31 0.003670913 8/17/94 46.73 46.58 0.003220266 8/18/94 46.56 46.41 0.003232062 8/22/94 46.44 46.28 0.003457217 10/12/94 46.75 46.58 0.003649635 10/17/94 47.06 46.91 0.003197612 10/31/94 47.59 47.47 0.002527912 1/3/95 45.84 45.69 0.003282994 1/5/95 46.11 45.95 0.003482046 1/9/95 46.09 46 0.001956522 1/24/95 46.75 46.64 0.002358491 2/7/95 48.31 48.14 0.003531367 2/9/95 48.3 48.13 0.003532101 2/13/95 48.47 48.33 0.002896752 2/16/95 48.69 48.5 0.003917526 2/17/95 48.63 48.44 0.003922378 2/21/95 48.53 48.42 0.002271789 3/9/95 48.59 48.42 0.003510946 3/20/95 49.63 49.47 0.003234283 3/28/95 50.42 50.23 0.0037826 4/3/95 50.23 50.06 0.003395925 4/5/95 50.61 50.42 0.003768346 4/12/95 50.8 50.61 0.003754199 4/25/95 51.48 51.31 0.003313194 6/23/95 55.03 54.84 0.003464624 7/3/95 54.61 54.47 0.002570222 8/4/95 56.08 55.92 0.00286123 8/7/95 56.28 56.08 0.003566334 8/30/95 56.42 56.22 0.003557453 8/31/95 56.5 56.3 0.003552398 9/6/95 57.36 57.22 0.002446697 9/7/95 57.39 57.25 0.002445415 9/11/95 57.81 57.64 0.002949341 9/20/95 58.78 58.55 0.003928266 10/4/95 58.28 58.11 0.002925486 10/6/95 58.58 58.39 0.003253982 10/11/95 58.09 57.88 0.003628196 10/13/95 58.86 58.63 0.003922906 10/16/95 58.56 58.34 0.003770998 10/24/95 58.84 58.63 0.003581784 11/3/95 59.25 59.06 0.003217067 11/6/95 59.22 59.02 0.003388682 11/17/95 60.2 60.02 0.002999 11/22/95 60.38 60.17 0.003490111 11/24/95 60.33 60.19 0.002325968 12/1/95 61.08 60.84 0.003944773 12/12/95 62.36 62.14 0.003540393 12/22/95 61.38 61.14 0.003925417 12/26/95 61.53 61.33 0.003261047 1/8/96 61.91 61.73 0.002915924 4/2/96 65.56 65.3 0.003981623 4/4/96 65.72 65.5 0.003358779 8/20/96 66.91 66.67 0.00359982 12/24/01 115.04 114.61 0.003751854 12/30/03 111.27 110.85 0.003788904 6/10/04 114.35 113.93 0.003686474 7/13/04 112.02 111.6 0.003763441 10/11/04 113.02 112.64 0.00337358 12/29/04 121.4 120.95 0.003720546 2/14/05 120.86 120.48 0.00315405 5/27/05 120.25 119.8 0.00375626 8/25/05 121.67 121.21 0.003795066 9/12/05 124.67 124.27 0.003218798 11/25/05 127.22 126.81 0.003233184 12/23/05 126.86 126.42 0.003480462 12/28/05 125.99 125.5 0.003904382 1/30/06 128.81 128.35 0.00358395 3/17/06 130.9 130.38 0.003988342 5/8/06 132.77 132.36 0.003097613 5/9/06 132.77 132.31 0.003476684 8/21/06 130.28 129.8 0.003697997 8/30/06 131.04 130.55 0.003753351 8/31/06 130.99 130.58 0.003139838 9/14/06 132.24 131.75 0.003719165 9/29/06 133.94 133.48 0.003446209 11/21/06 140.67 140.29 0.002708675 2/2/07 144.95 144.38 0.003947915 2/15/07 145.95 145.43 0.003575603 2/16/07 145.76 145.23 0.003649384 7-May-07 151.2 150.81 0.002586035 3-Jul-07 152.5 151.99 0.003355484

For a non-holiday, yes that is the smallest range on the ES day session. on a percentage basis these dates come up; 2004-07-13 2005-02-14 2005-09-12 2005-11-25 2006-05-08 2006-08-31 2006-11-21 2007-05-07 If you look at the SP pre-1996 to 1986; there are over 1000. Let's hope we don't see more of these for the sake of daytrading.

Thanks everyone, I was thinking about the same, I think the market will go nowhere for sometime again! ISE Equities Closed over 200, CBOE Equity options closed around 0.52 too! These have to mark some sort of top, huh? However, OEX P/C is still very very bullish... I guess instead of turning down right away, it will simply erode the premiums due t to the strong internals...