Stock market futures continued higher on Sunday evening and are attempting to form a higher lower here on Monday morning.
That will be key today.
Much of the excitement is due to the jobs numbers whipsaw, which saw stocks reverse steep losses for even steeper gains on Friday.
The S&P 500 market makers have a tighter spread of 24 points around the strike of 2530 for options expiring today – 2506- 2554.
Strong overhead resistance is turning the rally into a grind.
Intraday breakouts could stall as they hit higher congestion and layered resistance.
Stock Market Futures Video Update – January 7, 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.
