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This is the Big One! Tuesday's Market Forecast

Posted by TopstepTrader on December 05, 2017

The velocity with which markets sell off nowadays is incredible. As soon as things start to move, they really move. Then, prices start to steady and the longer-term buyers enter the market. It's something that has happened the past few trading sessions in equity markets. 

Whether this is the bull market's last gasp or just a brief respite is really what is left to be seen. For now, markets have steadied with the Emini S&P 500 ($ESZ7) trading up 2 points and the Nasdaq ($NQZ7) up 20. 

Gold ($GCG8) is experiencing some pressure and trading towards the lower end of the recent range and near support at $1,270. Crude Oil ($CLF8) is flat for the day - at $57.50. It seems that the recent rally is at least taking a breather for the moment. Is it going to reignite or fizzle?

Senior Performance Coach John Hoagland goes through all of these markets and the important levels that matter.  

Subscribe to our blog to have these market insights delivered to your inbox every morning. You can also tune in at 8:15 AM CT on Facebook to watch John's Market Forecast LIVE.


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Topics: Market Updates

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