Iran Sanctions Spike Oil, Stocks Hold Steady

News of Iran sanctions are spiking oil prices on Monday.

This doesn’t seem to be effecting the broader stock market, however, as U.S. equities are trading flat this morning.

Light trading volumes will likely begin to pick up tomorrow.

The S&P 500 is facing a momentum divergence as it tests resistance (all-time highs). 

The big pictures suggests that a trading range will keep stocks at bay today.

But a breakout above resistance or below support will trigger the next move. Watch your edges.

Stock Market Futures Update – April 22, 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.