S&P 500 futures contracts have rolled and the stock market seems to be looking at another sideways day.
The week as a whole has seen the S&P 500 (INDEXCBOE: .INX) lows from April holding through the heavy congestion of November into December.
If traders and investors are to see a Santa Rally, this is where it would engage.
And since we are coming off the stock market lows this morning that test weekly congestion, buyers seem to be piling in after the overnight fade lower.
For a second day, markets appear mixed with traders at support they would like to attempt to stretch beyond. Watch today’s video below for important trading analysis and price levels.
Our intermediate bearish tone still suggests that bounces will fade at resistance. We must continue to watch our edges carefully in this range bound space.
Stock Market Futures Video Update – December 14, 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.
