Stock Market Relief Rally Completing

25 de out. de 2018

Looking for SP500 futures to top out between 2725 and 2740 zone. If you're convinced there's more downside coming in equities, this would be a very good area to consider getting short. Midpoint (50% fib level) is circled. If market is very weak we may only touch the 23% level and turn back down. Gold bottoming around 1226 at the same time as ES hits these resistance levels will add confidence to this setup.