18 April 2013

SP 500 and NDX Futures Daily Charts - Edgy Trade Today, Option Expiration Tomorrow

The trade today was quiet but 'edgy.'

Option expiration tomorrow.

Prices are down to diagonal trendline from the beginning of the rally.

The economic news is not encouraging unless one wears rose-coloured glasses.  Or is hiding their head in some anatomically improbable place.  Or wearing an anatomically improbable hat.

There is no recovery.  There is no reform.  There is no leadership.