With the capture of Saddam Hussein, S&P futures are up around 11 points in overnight trading while NASDAQ futures are up around 21. As the world cheers the good news, the trader in me feels like staying in bed to get some extra sleep today. Why?
This is the daily chart of the S&P futures. The 20-day average true range is 10.98 points. This means that short of a big launch to the upside (scenario discussed on December 3) or a dramatic reversal, the day's expected trading range is done at the open.
03.12.15 08:07 #