What Happened: U.S. index futures rebounded, negating the weekend liquidation on pandemic worries. What Does It Mean: During Monday's session, responsive buyers surfaced at the S&P 500's balance-area boundary, the low end of the tight range the index has been trading in for two weeks. Since then, the S&P 500 initiated through the poor structure (e.g., low-volume areas) left by the selling range extension, as well as the $3,667.75 high-volume node (HVNode), the most positive outcome.
Market Commentary For 12/22/2020
Market Commentary For 12/22/2020
Market Commentary For 12/22/2020
What Happened: U.S. index futures rebounded, negating the weekend liquidation on pandemic worries. What Does It Mean: During Monday's session, responsive buyers surfaced at the S&P 500's balance-area boundary, the low end of the tight range the index has been trading in for two weeks. Since then, the S&P 500 initiated through the poor structure (e.g., low-volume areas) left by the selling range extension, as well as the $3,667.75 high-volume node (HVNode), the most positive outcome.