At the highs of the session crys CNBC....Never a down day in the land of perfect were money really does grow on trees, as long as your long index futures.
Any and all bearish technical formations are voided and nullified. this head and shoulder pattern will be squashed.
One should always be ignoring short signals on index futures, anyway (especially the American ones!) At most, cover some longs, but never short. It's suicide. They'll tend to 'fail' Always remember that they were literally DESIGNED to go up over time, and trying to short a market that is guaranteed to go UP is like picking up pennies on the railway tracks Get long on dips. Get long on breakouts.
Silly drop. No reason for it. They won't let this fall much more before they are forced to step in and get us back up