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Equity Futures Prepare to Roll: Thursday's Market Forecast

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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. 

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.


Posted by TopstepTrader on December 07, 2017
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