Here's the Theory

This is just a ild guess threory that I floated when  saw accumulation building for a bounce up in the averages earlier in the week. I thought, "If GDP is going to be bad, then this week leading up to Friday would be the time to set up a bounce and to set any shorts" because if there's one thing that seems to be clear after looking at charts for more then a decade, these reports are often leaked. You can see by the JPM action -there's a lot of quid-pro-quo .

Take a look at the charts

 DIA 1 min

 DIA 15 m

 IWM 1 min


 IWM 15

 QQQQ 1 min


 QQQQ 30 min

 SPY 1 min


SPY 30

If you look at the short term some are starting to turn, the longer term showed the accumulation and now they are turning. It's almost the perfect set up if tomorrow were to be a down day. Still just a theory.