You were right on the call from 1265 to 1300, but not on the most recent call , at least not yet. The market did move higher but did not hit the call target. At this moment the last call has either not been allowed to fully play out, or it was wrong.
You got lucky, because of contago on the then forward Jun futures, and everyone fell for the oldest trick in the book.
+9 handle spread. Needs crushing pretty soon. This has to happen outside cash trading hours. Don't know what the excuse will be, may be around the fomc mins release, coupled with a few bad earnings?
This where you may have me a bit confused with your language. I am certain that you mean futures are plus 9 to the cash, but are you saying that futures will be crushed below the cash to trade at a discount ?
Ok. I usually just follow the futures with technicals etc. to determine weakness and strength on weekly and daily charts. Long term fundamentals (not day to day news) are in the back of mind as well (way back). I never pay attention to cash, so I wouldn't know. Thanks for the info. In general I would think that cash and futures come together progressively as the contract date approaches with cash usually at a discount. What is the reason that you believe that it is about time for the crush? Never mind , I see the earlier post where you said you didn't know what the excuse would be.