Stocks have paused for the past several days as new cycles continue to swirl.
From the government shutdown to global politics to Brexit, etc…
This is why traders are wise to know where the edges are while trading technical support and resistance.
The S&P 500 options spread expiring tomorrow widens – 28 points around the 2640 strike. This leaves us with a 2612-2668 range of motion.
As expected, we declined back into a lower trading range before bouncing.
We are slowly nearing a tipping point. Buyers are still holding on while bears are putting up a good fight. Be patient and know your levels – see full insights on the S&P 500, Nasdaq, Dow Jones, Gold, and Crude Oil in the video below.
Stock Market Futures Update – January 29, 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.
