S&P 500 Trading Update: Fed Day (Support and Resistance)

S&P 500 futures are drifting lower on Thursday as traders take profits after Wednesday’s big rally.

The Federal Reserve concludes its 2 day meeting today as well.

Although the market is expecting the Fed to hold steady, it needs to hear it first.

FOMC day should be fairly quiet as prices move sideways after being rejected at the newest resistance.

It will likely be choppy (especially after the Fed announcement) but note that there are still buyers below.

 

Stock Market Futures Video Update – November 8, 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.

NOT INVESTMENT ADVICE – PLEASE READ INVESTMENT DISCLAIMER.