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This morning by close, the S&P finished only 3 points higher for...

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V*

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23/02/18

10:18

Post #: 31281751
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Originally posted by West Coast ↑

Not really it is not in the Betashares contract either. If the futures suddenly jump up +1% it does follow it a little but the futures often have no correlation to the closing price of the S&P so largely BBUS should ignore it.

Just yet another rip off and cheat in this stock market game where the winners are the big guys purely as they can manipulate the result. Buy and hold blue chips wins again as they can manipulate as much as they like in the medium term, over 5 to ten years generally you win or break even at worst.

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This morning by close, the S&P finished only 3 points higher for the day.
But BBUS opened down a smidge over 2% this morning.

This tells me it has to be following futures more than the actual S&P500.

Been watching it a fair bit since we chat about this and you can watch BBUS consistently following the US futures direction all day during our session. If futures ticks down, the BBUS bids all shift lower, and vice versa.

This futures chart tells the rest of the story...

Last edited by V*: 23/02/18

XJO Value at posting: 5,970.6
2 Upvote

0 Great analysis

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