Ready for the free money overnight rally....Get your free money, Buy index futures, go to sleep wake up and count your free money....Same thing over and over.
It likely was profit taking and the previous rally was more money being added to large mutual funds and etfs. But some of you would rather spin conspiracy theories for years on end.
I can't recall the spy option market ever getting so skewed in the past. In 10 trading days the 270 Jan call went $70 to $1,000. Got a feeling the politicians shut us down due to party lines and get this correction rolling back to 266-270
problem with this rally in the indexes are the actual components.. DOW is all BA/CAT right now.. how is Boeing up 15% in the last two weeks? single names will rotate lower and bring the index down.. FANG could EASILY move 10-15% lower.. I don't see NQ going much higher if Apple and Facebook stalls.