The stock market is still jittery as the oversold rally slows (and oversold indicators are worked off into the new year).
As well, several traders are trading on different time frames.
We are also greeted with several prediction posts about 2019 and a number of views/analysis filled with personal bias.
This means that we have to remain focused on price behavior and our key trading levels even more.
Stick to your own time frames and targets.
I think that we are still in a relief bounce and pullbacks will still be bought… that said our resistance zones remain strong. Thus, a bit of stalling out. Big swings are still possible so be nimble.
Stock Market Futures Video Update – January 2, 2019
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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.
