What Happened: After posting all-time closing highs, stock index futures are divergent and trading in-range, suggesting non-conviction. What Does It Mean: During weekend trade, participants tested lower, into the $3,600 high-volume area on the S&P 500's macro-composite profile, before responsive buying brought the index back into range.
Market Commentary For 11/30/2020
Market Commentary For 11/30/2020
Market Commentary For 11/30/2020
What Happened: After posting all-time closing highs, stock index futures are divergent and trading in-range, suggesting non-conviction. What Does It Mean: During weekend trade, participants tested lower, into the $3,600 high-volume area on the S&P 500's macro-composite profile, before responsive buying brought the index back into range.