Fast moves up and down, back and forth, have the stock market (and traders) lacking conviction.
This price action has made for some messy charts.
S&P 500 futures are trading near “do or die” support levels.
And the more buyers that swoop in at this support level without advancing, the more difficult it will become to sustain a rally. The key here is follow through buying to push the price action to the next level higher.
Until we see more constructive evidence, a cautionary tone is required.
See key trading levels across stock market futures in the video below.
Stock Market Futures Video Update – November 16, 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.
