Video Charting: S&P Futures Down Sharply after Late Day Sell Off

6 months ago
1 Min Read
149 Words

The S&P futures are trading 30 points lower after the index saw hard selling the last hour of Monday's trading session.

The close below the all time high peak was a sell trigger and I expect the indes to fill the gap created at Monday's open.

Gap filled on the futures

The gap has already been filled on the futures chart, but the S&P can open anywhere tomorrow morning.

It will be interesting to see if it opens with a gap down or if the futures will recover.

A gap down to match Monday's gap up would give somewhat of an evening star (or even island reversal) type pattern on the chart.

Either way, price got to extended from the 10 day moving average and I talk about this in the video.

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