What's the deal with the futures always drifting higher?

Quote from noregrets:

I'm reminded of what the wizened old trader in Reminiscences of a Stock Operator said when someone asked him a question: "It's a bull market."

I feel you though...I was short overnight and got killed on the gap open this morning, and if it happens again I will get killed again tomorrow.
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Its an old + extended bull market, can get older + more extended;
not that bull markets ''always drift higher'', much less bear markets,LOL

Good observation on a bull market:cool:
 
Gap play is still at work. Only TF has closed its gap.

Up day Friday?

Quote from lwlee:

Well if you believe in gap plays, the markets have been trying to close the 6/19 gap for the last week. We are almost there. It seems like tomorrow will be another up day.
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Cork pop! Champagne flowing. We have closed the gap. Score one for the TA wonks! :D

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Quote from lwlee:

Gap play is still at work. Only TF has closed its gap.

Up day Friday?
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