The December E-mini S&P 500 is trading in a narrow range overnight after Irish debt worries dragged down the market on Tuesday. Traders seem to be waiting for news from Brussels where officials from the European Union, International Monetary Fund and European Central Bank are meeting to come up with a solution for the country’s continuing banking sector risks.
E-mini S&P 500 Finishes Lower in Light Trade; Watch for Weekly Reversal Top
Downside pressure continued to mount on the December E-mini S&P 500 overnight as traders continued to shed risky assets amid speculation of debt woes in the Euro Zone. Without major economic releases to follow and a Treasury Bond market to lean on because of the U.S. Veteran’s Day holiday, thin market conditions and low volume could lead to volatility.
E-mini S&P 500 Holds 1037.00 Overnight; Is This the Line in the Sand?
S&P 500 Finishes Lower; Chart Indicates Test of 1065.25 Likely
The September E-mini S&P finished lower on Thursday. Although the low of the session was reached near the opening, buyers failed to produce enough interest to drive this market higher into the close. With the fundamental news still supporting a down slide, today’s early rally was most likely triggered by oversold short-term conditions.
June E-mini S&P 500 Fails to Confirm Friday’s Reversal Bottom
S&P 500 Finishes Week Lower; Risky Assets Look Overextended
Trading ended in the stock index futures on Friday with the three major indices getting hit hard by selling pressure. Lower demand for higher risk assets was the theme today as traders took profits and failed to buy on the dips. The recent sharp rise in the equity markets has led many traders to feel that current prices are overextended given the state of the economy.