ES1 Futures Pump and Dump
S&P drops almost 20 pts right after I posted the 2 hr SPX chart, lol. Computerz playing the pump and dump with futurez today, wait until close before deciding to short. If the computerz can't tank the market they'll have to buy back the futurez. The other day futurez got oversold and we gapped up the next day.
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Futures are in the red, but not tracking Asia and EUro stocks which are down .5%. Looks like the computerz are afraid of the Fed. No big gap so far, as I expected.
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Futures were oversold on the hourly, so now they gotta buy back in. Melting up as usual. Figured as much, did not get suckered into buying puts this afternoon.
Note how much volume it takes to drop the market, and how little it take to pump futures back up.
Note how much volume it takes to drop the market, and how little it take to pump futures back up.
Expecting a gap down tomorrow, probably not very big though.