For the second day in a row, traders are selling the news. Since the stock market gap higher on Monday morning, traders have been booking gains.
So when will buyers return?
There are a few key supports highlighted in today’s video so check it out. But considering the strength and speed of the broader relief bounce, it’s no surprise to see some selling.
The Dow Jones Industrials Futures is attempting to fill the weekend gap. Any bounce higher will need to prove itself with higher lows on reduced timeframes.
Formations on the S&P 500 and Dow Futures are mixed.
Watch your edges!
Stock Market Futures Video Update – December 4, 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.