The S&P 500 (INDEXSP: .INX) spread expiring today remains tighter than average at 18 points at the 2800 strike.
This leaves traders a 2782-2818 as our edges to watch for expansion or reversal.
Traders are bullish but tentative here. This makes the best areas for engagement at the pullback of support.
Because momentum is somewhat divergent, the spikes up or down can be larger than initially expected.
Don’t get in front of shorts until you have technical confirmation.
Good luck and enjoy today’s video, covering our the futures (S&P 500, Nasdaq, Dow Industrials, Gold, and Crude Oil.
Stock Market Futures Update – March 4, 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.