Traders work the edges to build a bounce event after a few days of selling.
How they battle at key price resistance will tell the tale.
That said, attempting shorts where old resistance is could prove quite difficult… especially if the bounces.
This could also lead to a mini squeeze so careful at the edges.
In today’s trading outlook video, we look at key price levels for the S&P 500, Nasdaq, Dow Industrials, Gold, and Crude oil. Enjoy.
The Futures In Five – October 9, 2018
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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.