The stock market decline from Friday has not recovered just yet on Monday morning.
However, S&P 500 futures are holding just above key support.
Bearish selling pressure is strong so traders if support breaks, traders will likely choose the path of least resistance.
Our intermediate bearish analysis suggests that relief bounces will find sellers at overhead price resistance.
Lower lows and lower highs make this a tricky area. Watch your edges and stay involved.
Look for low volume over the next two weeks as traders fade out of the markets and into the holiday season. 2595 is an interesting area to watch. Check out today’s video for more details on the futures action in the S&P 500, Nasdaq, Crude Oil, and more.
Stock Market Futures Video Update – December 17, 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.
