Checking out the trading on Globex for US equity index futures shows a bit of a bounce back.
- The S&P500 futures on Globex are at 1658.50 (after a low during regular hours of 1646.50)
- The NQ is at 3007.50 (low of 2983.75).
Cash hours trading gave a very bearish indication today, with a new high then a big red candle (see Adam’s post earlier: An ominous sign from history as massive reversal hits stock market)
Its been a difficult time the past few months for stockmarket bears, the way the indices have bulldozed new highs over and over again. Question is, after today’s big red indicator, is this time different?