17 December 2015

SP 500 and NDX Futures Daily Charts - Quad Witching Expiry Tomorrow

"Every century is like every other, and to those who live in it seems worse than all times before it... thus much of comfort do we gain from what has been hitherto, not to despond, not to be dismayed, not to be anxious, at the troubles which encompass us. They have ever been; they ever shall be; they are our portion."

John H. Newman

All the gains from yesterday were swept aside.

In a very real sense, I believe that yesterday was a wash and rinse setup for today ahead of the quad witching expiration in stocks tomorrow.

The economic news this morning continued to be dour.

Have a pleasant evening.