Sunday night futures always RED

to rally the spoosies early on in european trading
before slamming them again before we open

but being that the spoos rallied 5-6 handles late
friday after the stock market closed
and with the uncertainty of the weekends news
its not surprising to see spoos under some pressure

spoos trying to hold around fair value area at this moment

 

Paul you might want to see what happens at 775. the july lows

 

The most widely used phrase by technical analysts in the last two years:


"Next support is........."

 

That and, "have we bottomed yet?"

 

Or...

"This market is so oversold, we are due for a relief rally."

 

... and Monday night, and Tuesday night ... and Wednesday, Thursday, Friday ...

 

You are right, every Sunday night the futures are red, of course, except on those Sunday nights when they aren't.

 

I'm with ya on that but it would be interesting if the current 800 or slightly lower ended up being the low for the recent time frame.

Before the small rally to follow if the 775 doesn't get slid through.

Before everything sells off again once the "bubble" about Q2 and Q3 2003 breaks.

Who knows, I'll just trade what I see intraday and sleep better at night.

Paul

PS My God, I just realized that I am actually wasting my time with this mindless speculation... KILL ME! KILL ME NOW...