Stock market futures are bouncing but remain tenuous.
Yesterday we saw an interesting group of buyers come in at deep support and provide a much needed lift into the close.
This movement was not reversed overnight so we are on a “bounce” into resistance once again.
We will meet sellers again as trust levels are low with stocks, but buyers will do all they can to hold the bottom steady today.
Market bulls need the lows to hold into the end of the week to provide some time for things to settle down.
In today’s video, we note key support and resistance trading levels.
Stock Market Futures Video Update – October 30, 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.
