S+P 500 Futures Plunge 50 Points on Open Short

CME_MINI:ESM201915

E-mini S&P 500 Futures (Jun 2019)CME

Description

⋅ May 5, 2019 10:30 PM

S+P 500 Futures have plunged, trading down over 50 points
on the Open of trading for 5/6.

News this weekend that US/China Trade talks have stalled,
and that a potential new 25 % increase in tariffs on China
by the US has caused an unexpected "reversal of fortune"
in the futures market.

How far down..stock index futures could trade at this point,
...is anyone's guess.

THE_UNWIND
5/5/19
NEW YORK

Trend Analysis

Comments

SviCapital

⋅ May 5, 2019 10:42 PM

This is an engineered event to push the market to new highs on a good news that follows later. :) good opportunity ahead.

JakubKonieczny

⋅ May 5, 2019 11:58 PM

@SviCapital, I totally agree with this view.

jtai99

⋅ May 6, 2019 1:19 AM

Unwind. You called it, it just took a while.