Watch the wide spreads tonight, should be 10 points and dont be surprised if the Dow is up 70 points overnight
This should be interesting after midnight, the offers will thin out and the dow mini will float up up up, just by pecking at the 1 lot offers. Makes me wonder, is their one individual doing this. I encourage everyone to witness this magic show.
Pretty amazing, wow what a scam how this gets juiced up overnight, America wakes up to all the news channels touting how the future are up big! looks like a rebound today.
The whole reason for futures being up in the morning is purely physiological. It keeps your average investor watching the business channels concerned about the markets recent sell off hoping that its over. This gives hope and keeps them form liquidating. They get to work and forget about their investments, till they come home after work and go gee what happened. They wake up the next morning see the futures up big all the business channels are telling everyone LOOKS LIKE A REBOUND TODAY, hope enters their thoughts again.
What a great instrument for manipulation, stock index futures, specialist get to mark up their products right out of the gate.