What Happened: U.S. index futures rose higher overnight, bolstered by stimulus and vaccine news. The S&P 500 is now coming off a fresh new all-time high at the site of multiple price projections. What Does It Mean: During Tuesday's regular trading in the S&P 500, initiative buyers extended range after a test of the micro-composite high-volume node near $3,667.75, a price level where participants spent a large amount of time in the past. The session ended outside of prior balance and range with poor profile structure denoting the presence of directional conviction.
Market Commentary For 12/9/2020
Market Commentary For 12/9/2020
Market Commentary For 12/9/2020
What Happened: U.S. index futures rose higher overnight, bolstered by stimulus and vaccine news. The S&P 500 is now coming off a fresh new all-time high at the site of multiple price projections. What Does It Mean: During Tuesday's regular trading in the S&P 500, initiative buyers extended range after a test of the micro-composite high-volume node near $3,667.75, a price level where participants spent a large amount of time in the past. The session ended outside of prior balance and range with poor profile structure denoting the presence of directional conviction.