Why the strong close on MidCap 400 e-mini?

Discussion in 'Index Futures' started by svtrader, Feb 24, 2006.

  1. I don't understand why today, on a Friday, the MidCap e-mini jumped almost 3 points starting at 3:55 pm. With all the news from the Middle East, one would think that the closing would be weak. Any thoughts?
  2. I'm sure someone here trades the EMD?
  3. A lack of fear? Somebody wanted to squeeze out as many shorts as possible going into the weekend? Somebody wanted to close the market on its highs of the week? Institutional traders wanted to "dress up" their mid-cap portfolios? CNBC made a bearish forecast at ~2:45pm(CST) that afternoon?