Market Futures Trading Outlook Video For October 15

Traders are working on a very short-term bottoming formation Monday.

Bounces are likely here and they could be quick and steep.

I am watching higher supports hold across the board for the S&P 500 (INDEXCBOE: .INX) and Nasdaq (INDEXNASDAQ: .IXIC).

This could be a relief bounce that is fairly solid but all the big bounces in this formation will be fade zones.

Other notables:

Gold (NYSEARCA: GLD) is at a big level of resistance today and crude oil is trying to hold support.

Stock Market Futures Video Update – October 15, 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.