The sideways movement of the past few days is giving way to an overnight boost of the major stock market indices.
That’s been the pattern on the S&P 500 (SPY) over the last several trading days and last night was no different.
JP Morgan (NYSE: JPM) earnings cam in above estimates and China posted positive exports news which overshadowed Germany’s lower 2019 growth forecast.
Traders will continue to look for support action to engage.
Trading ranges expand but still sit shy of the S&P 500 range for the week at the highs near 2924 (that’s good for the market makers).
Enjoy today’s video.
Stock Market Futures Update – April 12, 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.