The Futures In Five: Should Traders Trust Today’s Breakout?

Squeezes are in play across the major stock market indices.

Expect to see range expansion on the S&P 500 yet chasing the breakout will be a bit dangerous.

First passes of extended price resistance are likely to fail intraday.

Traders should watch for new support to form – higher lows would be bullish for traders.

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Oil is still stair stepping its way higher while gold is stalling out a bit.

The Futures In Five – September 19, 2018

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.