It may have felt that way last night for futures traders as ES fell 50 points to limit down, but since we're all still here lets take a look at the only thing that matters right now on this Quadruple Witching/Nasdaq re-balacing/Mayan End of the Earth- Futures.
ES has been in about a 9 point range all night, actually pretty tight considering, but it does look like they have been trying to or preparing to lift ES in to Quad-Witching.
You might consider taking some early profits on some of your leveraged trades and leave some of the larger positions like leveraged ETFs and shorts open until next week, we will adjust as we get the signals.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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