Traders followed through early this morning on yesterday’s big bounce off support.
But the stock market is losing a bit of momentum here and traders will need to watch how the major indices handle any pullback.
Specifically, it will be key for the S&P 500 (INDEXCBOE:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) to form higher lows intraday.
Volume should be lighter today as traders wait for charts to resolve over or under congestion.
And Commodities are trading in a range (generally) but holding above the lows – more insights on Crude Oil and Gold in the today’s video.
Again, holding higher lows will be key…
The Futures In Five – September 19, 2018
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.