Volatility crept back into the stock market yesterday after stocks failed to make new highs.
Lower highs are a signal that a small dip is turning into a bigger dip.
The S&P 500 spread expiring today is 18 points around the 2700 strike. This offers us a range of 2718-2682 as traders watch lower support early today (Friday).
Until we recover and hold 2726, bounces will be selling opportunities.
We have a potential for a sea change here… BUT bears have to show up and force lower highs.
Stay tuned and enjoy today’s video. We cover futures markets: S&P 500, Nasdaq, Gold, Crude Oil, and more.
Stock Market Futures Update – February 8, 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.