Stocks are fading early this morning following yesterday’s rally attempt.
The question for traders now is whether support will hold this morning on the S&P 500 and Nasdaq.
In today’s video, we identify multiple levels of support and resistance across the major indices as well as crude oil and gold and the significance of each.
Here’s a couple highlights:
– Broken support from yesterday’s open suggests more downside on the horizon across the board but buyers are putting up a fight at support.
– Crude Oil is feeling the pressure of emerging markets while gold is testing familiar support.
The Futures In Five – September 11, 2018
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.