Markets Set to Open Lower on Monday. Here’s Our Approach

There's a gap nearby in the ES and SPY from 13 months ago.

Our View

If there was one word to describe the markets, it would be ugly. I don’t think many people talk about this, but it took years to rebuild my S&P desk business after the turmoil throughout the years: The 1987, 2000, and 2008 crashes, the credit crisis, PGF and MF Global…the list goes on. 

So even when the market does recover, it's going to take yea…