Perhaps someone can enlighten me. Is this a real full force bull charge or a counter rally so the bears can rest up and start roaring again?
The SPI is some 12 points lower than the cash and FTSE March forward is 20 points lower than cash. It has been like that for a little while. If the bulls are back in control, why are the future players still so bearish?
I am short FTSE and this 100 point rises are starting to hurt.
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