The bears are exerting some force this morning, but stocks may be setting up for a bounce.
Let the deep support levels and overhead resistance be your guide.
A short-term change in character for the S&P 500 or Nasdaq would be a bounce that breaks above overhead resistance levels…
Selling continues today as the price action tests monthly support levels.
Bounces are likely to be shallow but, again, watch overhead resistance.
Gold breaches congestion highs while crude oil continues its drift downward. Â Get deeper insights in my 5 minute video below.
Stock Market Futures Video Update – October 23, 2018
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Twitter:Â Â @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.
