The stock market continues to swing back and forth and keep traders on their toes.
I think this is the new normal… at least for January. Look for volatility to continue.
Our message continues to be to stay nimble here.
The swings up and down make it difficult to use trailing stops (especially for short-term traders).
The key to trading well here will be about the shorter cycles, moving in and moving out quickly…. trying to avoid a game of FROGGER.
Pricer resistance zones remains strong, with the S&P 500 showing 57 points of motion around 2510 into tomorrow. That’s a range from 2567 to 2453 – so keep an eye on those edges into week’s end.
Stock Market Futures Video Update – January 3, 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.
