Settles and Market Technicals
Vol is here to stay!
We wanted to update our subscribers on Friday’s settles and a few other items of note. Here are the settlements of the futures we cover for Friday September 18th:
As we noted late Friday the Nasdaq Futures was the worst performer on the day but it did end up closing right at our do or die line in the sand marker of 10927. Many traders don’t trade NQ and many rather focus upon the SP500, however with all the money flowing into Tech, we still feel that this index is the main driver and has been the main source of upside in the equities this year, think of our QTFAANGMs which we quote often. Anyway you know our pivot there and we settled right on it, go figure.
However, as we have highlighted last week, our main concern going forward is the fact, yes fact not fiction that this election cycle will go down as the most volatile in history if not one of the most. Artemis Cap. put on this chart highlighting this uncertainty:
