Not Again!?

Anyone else getting tired of SPX being propped up all day long, only to tag our target on a gap down the following morning?

It’s great if you play the futures and can manage the overnight risk.  But, for cash investors, it’s just one more way that TPTB are preventing you from participating in the gains while sticking you with losses.

USDJPY and CL are leading the way this morning, with ES currently off 25 points — but, more importantly, one point below the daily SMA200.2015-12-08-CL 60 0620

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