As we ready for the cash trading session on Thursday September 6, traders are attempting to hold support and bounce on the futures market.
But the market is still shaky and any bounce will largely depend on how bulls react at resistance (and forming a higher low). If not, we’ll head into deeper support.
We currently have range-bound stock market indices while gold and oil continue to bounce off support… all this as the dollar struggles to hold support.
As the dollar fades, bounces in commodities priced in dollars will likely hold.
If market traders step in front of the short too early, we will have a squeeze… or else we’ll see more drifting into deeper support.
The Futures In Five video – September 6
Twitter: @AnneMarieTrades
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.
