The stock market is bouncing to start the new week.
Feels a bit squeezy for short positions but look for overhead price resistance to hold on the S&P 500 futures and other indices at first pass.
But it will likely be choppy as traders try to manage positions.
We are due for a bit of a relief rally bounce so this shouldn’t come as a surprise.
The video below discusses key support levels to watch as the day goes on. How the day progresses will determine whether the bulls have a legitimate shot at putting together a tradable rally.
Watch today’s futures outlook to see what to watch for.
Stock Market Futures Video Update – November 26, 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.
