DanGramza

Not looking for another big day down

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
The S&P 500 market stayed week as we went into the weekend. Without new news, I am not looking for another large move like we had on Friday again on Monday. I'm looking for in unchanged a lower movement as Asia opens up at 5 o'clock Chicago time when the futures market starts to trade. The market may slow down going lower as it finishes the absorption of the new virus news. Market is reacting to the possibility of the world going into a lockdown situation. The anticipation of a future event typically does not cause a sustained downward move.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.