The stock market has fallen 5 percent in rather short order.
The speed of the decline points to a quick re-adjustment in expectations for a US – China trade deal. The S&P 500 and Nasdaq have fallen roughly 5 and 6 percent off recent highs.
Over-reaction? Perhaps. But it’s clear that it caught investors off guard.
The most important thing here is to follow the price action and patterns.
In today’s video we discuss key price support levels to watch and resistance levels to target.
The motion of higher lows is bullish and the motion of lower highs is bearish. Keep that in mind along with your timeframes and enjoy today’s video looking at S&P 500, Nasdaq, Dow Industrials, Gold, and Crude Oil futures.
Stock Market Futures Update – May 14, 2019
The author trades stock market futures every day and may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.