18 September 2015

SP 500 and NDX Futures Daily Charts - Always On My Mind

Today was a quad witching day on the equity markets.

Stocks continued to sell off on disappointment that the Fed did exactly what everyone thought that they would do.

I think with the options expiration the punters got caught offsides, and the sharks who have the advantage of a much clearer vision of who has what in their hands were determined to take the markets down no matter what the Fed would have done.

After all it's a quad witch, and the smaller fish were schooling in the options and ETFs.

Remember to love the ones you can, while you can.

Have a pleasant weekend.