Future

Since futures are down, I can say this with 100% surety. It was so obvious that markets will be down since intraday was overbought after two days rally judging by the past few month market actions. With that in mind, shorting the Friday after hour with all that you have would have made a lot of money. Shorting overbought markets has been easy money with high probability lately. Interestingly, someone bought markets going into close noted with high volume spike, and after hours on Friday was up. SPX 850 is the breakout support. If the big volume thought that we will see a follow-through rally on Monday, that was a big losing money. Markets are lately acting like waiting for sideline money to be washed out by hedge fund shorts. That is the case, so far markets are unstable. It looks like we will not see a follow-through Monday.