Big Bounce In The Works?

by Chris

Well, they should be crowing about a huge bounce in the S&P futures in the hour after the “”markets”” closed.

Where the cash market finished with a big sell order, the S&P futures are up 23 full points since then.  “Somebody” is making a statement here.

Not sure who, but I have my guesses.

Their motto is: “What cannot be done when the cash market is open, is easily accomplished in the aftermarket futures.”

Will it stick?  Hard to say…with enough damaged fund strategies out there, and a heap of margin calls going out tonight, sometimes cramming the futures higher just doesn’t get the job done.