Stock market futures tested higher prices before fading to higher lows once more overnight.
All is quiet with S&P 500 and Nasdaq futures right now but look for the action to pick up significantly after-hours as global traders digest the election results.
The smaller cycle is showing a continuation of the bounce action as these supports firm up.
I continue to be cautiously long but taking myself out of positions as prices rotate into know areas of prior resistance.
Whipsaw action likely ahead (after-hours) but most traders are thinking that we are off to a post election rally in the near term.
Pay attention to the defined levels in the video that show the breakaway or breakdown spaces
Stock Market Futures Video Update – November 6, 2018
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.