20 October 2014

SP 500 and NDX Futures Daily Charts - Shooting Shorts in a Barrel

The wiseguys decided to try and 'take it up' to squeeze the lazy shorts who were overstaying their positions.  As one trader said, 'it is like shooting fish in a barrel.'

There was steady buying on relaxed volume for much of the day in the futures.

Not much in the way of economic data this week.

Have a pleasant evening.