The S&P 500 spread today is tighter once again after yesterday’s price action – currently around 18 points at the 2800 strike.
This leaves us with a 2782-2818 as our trading edges to watch for expansion or reversal.
You can see by looking at these numbers, that we are clearly rangebound.
Big traders are waiting for the next catalyst.
Divergent action will allow for potential big wicks and likely reversals. Note that traders are filling in thin volume profile regions.
As usual, we cover futures markets for the S&P 500, Nasdaq, Dow Industrials, Gold, and Crude Oil. Enjoy today’s video.
Stock Market Futures Update – March 6, 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.