The pre-positioning looks to be on the short side to me. In any case, the trend leads news and not the other way around.
Fed watch in the next hour. Get ready for big.volatility .... Rumor is they will eliminate "considerable time" from statement .... Haha Not going to happen. They don't want to scare the markets and create a panic selling Oh and QE 4 is on the way!!!!
s&p 500 Average December Last 50 Years. exceptionally good at the down part to date December futures back-of-the-napkin: 2050 to 2080...2080 to 1960(?? complete ??) or just chart p0rn
If what you believe is as reliable as you think, you should be very rich already. But as you know, it isn't reliable. So you bet small. What you can currently see is the market is in a strong immediate down trend. This down trend will continue until it ends. Nothing says it has ended. As they have lifted the price prior to the BS news event, it would be logical to think that they are looking for a dump. If the dump does happen, a santa rally would become very unlikely.