Stock market futures have stalled out at resistance.
But lots of momentum remains to the north, so it seems likely that we breakout and move forward into the higher regions of congestion.
The S&P 500 market makers now have a tight spread of 27 points around the strike of 2570 for options expiring today (2543- 2597) so we definitely want to pay attention to that.
STRONG resistance zones are in play and should create pullback buying zones if momentum holds true.
Breakouts are still likely to stall as they head into higher congestion from the past.
See details in today’s video.
Stock Market Futures Video Update – January 9, 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.