Cross currents abound as stock market futures try to hold support and rally.
But there’s a lot of resistance overhead to watch. Old support has become resistance – and the longer traders fail to recapture these old supports the more likely the market will fall.
That said, it seems clear that some kind of relief bounce is building that may catch sellers off guard.
Traders need to a plan as the markets moves won’t give you much time to think about it.
Trading to specific levels of support or resistance is the best way to manage risk today as swings could be sharp in both directions.
Stock Market Futures Video Update – October 29, 2018
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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.
