Equity Futures Prepare to Roll: Thursday's Market Forecast

Posted by TopstepTrader on December 07, 2017

Yesterday's question of the day was whether the sell off in equities would have legs. The answer - at least for now - appears to be no. However, that would come with a big caveat: prices need to show the ability to bounce again. After all - that has been the story of 2017. Every pullback has been met with even more aggressive buying. 

Early in Thursday's trading the Emini S&P 500 ($ESZ7) is trading down a point - but towards the lower end of its range. Crude Oil ($CLF8) is on the opposite end - trading at the top of its daily range and up 0.7% on the session. 

Gold ($GCG8) is experiencing some pressure, falling $10 and back towards levels not seen since July. The entire metals complex is down, with Silver ($SIH8) falling within $0.50 of its yearly low. 

Question of the day: Will the Euro move more than 10 pips today?

Here's Senior Performance Coach John Hoagland running through today's markets and important levels to watch. 

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Topics: Market Updates