10 September 2010

SP 500 and NDX September Futures Daily Charts


Drifting up on low volumes in a gentle ongoing short squeeze.

These types of markets typically run into a hard event and crumple. The timing may be problematic for the punters, and so the gentle short squeeze is fed daily.

The equity market commentary on the US financial news networks would make Baghdad Bob blush. I think the wiseguys are getting a little nervous because mom and pop seem to be sitting this one out.

SP 500



NDX