The stock market is turning lower today after grinding higher yesterday.
The market failed to get above noted price resistance and began to pull back.
Mixed momentum is creating more candles with longer wicks and widening risk for traders.
Pullbacks are still buying zones. The S&P 500 market makers show a spread of 34 points around the strike of 2580 for options expiring tomorrow (2546- 2614), so we definitely want to pay attention to those edges.
STRONG resistance zones are still in play.
Bulls do not want to see a series of lower highs form…
Stock Market Futures Video Update – January 10, 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.