14 June 2012

SP 500 and NDX Futures Daily Charts - The Old Whipsaw Ahead of Quad Witching Expiration


"Those that have so much power over others as to be able to oppress them have seldom so much over themselves as not to oppress."

Matthew Henry

There was some profound whipsawing in the stock futures market today as rumours were spread liberally by trading desks attempting to exit positions and square their books ahead of tomorrow's big option expiration and the exogenous events of the next five days.