S&P 500 Futures Trading Update: Fade The Gap Higher?

After gapping higher overnight, stock market futures are fading a bit.

Even so, the S&P 500 has opened / gapped higher.

Look for fades to test support levels highlighted below. And we should see buyers at first pass.

We are quite extended so any buying off the initial fade should be watched for a lower high.

The structure of the rally is still positive but showing less strength. A break below 2786 would then need to be watched if retested from the underside.  A failure there could underscore waning momentum.

Trade safe and watch your edges!

Stock Market Futures Video Update – November 30, 2018

 

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.

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