Stock Market Futures Weekly Update: The Big Picture

“Big Picture” Charts as of Friday’s Market Close

Now let’s take a look at the Russell 2000, Nasdaq, and S&P 500 trading action going into next week.

The goal is to identify the trend and pick our spots.

Russell 2000 Futures – TF

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russell 2000 futures chart analysis february 8

Nasdaq Futures – NQ

nasdaq stock market futures chart analysis february 8

S&P 500 Futures – ES

sp 500 es mini futures chart analysis february 8

Crude Oil Futures – CL

crude oil futures chart analysis february 8

As stated last week, by no means does this indicate that the market may not pop back up as well. Your safest bet? Follow the momentum on any given day for the intraday setup and stay focused and disciplined. Longer term holdings for the upside will need to wait for some confirmation on at least the 4 hour chart to regain some and hopes of bullish posturing.

As always, be ready to trade in both directions.

Thanks for reading and best of luck this week.


Twitter:  @TradingFibz

The author trades these indices intraday and may have a position in the 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.