congestion in s&p chart, ncp up As anticipated Mr Market spent another day inflicting even more pain on the S&P shorts, kneeing them in the groin hard, before wrapping their arms up behind their backs. US markets congested as anticipated. Underlying implied volatility remained benign, most drifted down, which can be short term bullish.
We experience pain for most things good we get in life and Mr Market generally insists on extracting it , sinking his teeth into your family jewels for everything you get trading.
NCP appears to have risen a tad this morning just to compound the pain.
No current NCP, E-mini or big S&P futures exposure.
