The S&P 500 (NYSEARCA: SPY) is holding higher lows this morning as the stock market recovers from yesterday’s sharp bounce and fade.
The market is volatile once again today but with one difference: momentum looks stronger into resistance than before.
The broad stock market structures remain in bearish motion over the intermediate term and traders will need to monitor support levels closely.
Today’s video highlights my outlook for today across the major stock market indexes and why traders need to watch the edges closely yet again today – particularly the higher lows if we continue to bounce higher.
The first indication weakness will occur with a loss of momentum that sees a break of key price support (i.e. a break of the higher lows).
Enjoy today’s video.
Stock Market Futures Video Update – December 12, 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.
