Strong buyers remain in the mix this morning as probabilities of upside action remain steady.
Pullbacks will continue to be buying zones… until they are not (i.e. use stops just below support zones).
A dark cloud of negative divergence is present so managing your position sizes and risk exposure is very important.
The S&P 500 spread expiring today is around 20 points at the 2790 strike leaving us 2770-2810 as our range and edges to watch for expansion or reversal.
Watch these edges- they make a difference.
With divergence, we can see deep swings so keep your eyes on daily and weekly support levels as bounce zones.
Stock Market Futures Update – February 25, 2019
Twitter: @AnneMarieTrades
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.
