The price action across the major stock market futures indices has been noisy and volatile.
The current bounce has traders battling for position.
The bulls are trying to create constructive consolidation to halt the selling, while bears are looking to create a lower high and resume selling.
In today’s video we discuss this battle and some key price levels to monitor on the S&P 500 and Nasdaq, along with Crude Oil and Gold.
Stay nimble here on the long side.
More constructive price action is likely needed to warrant a multi-day bounce.
Stock Market Futures Update – May 15, 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.