Notice: To view this week's big picture outlook, click here. What Happened: After a brief liquidation during Monday's session, U.S. index futures traded flat overnight, with the S&P 500 rotating within an 8-session balance-area. What Does It Mean: During Monday's regular trade in the S&P 500, market participants were unable to break through to new highs; profile structures denoted a market that wasn't paying longs that were late to the party.
Market Commentary For 1/26/2021
Market Commentary For 1/26/2021
Market Commentary For 1/26/2021
Notice: To view this week's big picture outlook, click here. What Happened: After a brief liquidation during Monday's session, U.S. index futures traded flat overnight, with the S&P 500 rotating within an 8-session balance-area. What Does It Mean: During Monday's regular trade in the S&P 500, market participants were unable to break through to new highs; profile structures denoted a market that wasn't paying longs that were late to the party.