Notice: To view this week's big picture outlook, click here. What Happened: Alongside U.S. Senate election uncertainty and new COVID lockdowns, U.S. index futures balanced overnight after Tuesday's recovery. What Does It Mean: A divergence between price and value resolved itself in Monday’s regular trade. Thereafter, during Tuesday's recovery, participants auctioned the S&P 500 off its $3,705.00 ledge, into a low-volume area, before responsive selling appeared at the $3,727.25 high-volume node (HVNode).
Market Commentary For 1/6/2021
Market Commentary For 1/6/2021
Market Commentary For 1/6/2021
Notice: To view this week's big picture outlook, click here. What Happened: Alongside U.S. Senate election uncertainty and new COVID lockdowns, U.S. index futures balanced overnight after Tuesday's recovery. What Does It Mean: A divergence between price and value resolved itself in Monday’s regular trade. Thereafter, during Tuesday's recovery, participants auctioned the S&P 500 off its $3,705.00 ledge, into a low-volume area, before responsive selling appeared at the $3,727.25 high-volume node (HVNode).