Index Futures Update
$E-mini S&P 500 - main 2606(ESmain)$ -0.03%
$E-mini Nasdaq 100 - main 2606(NQmain)$ -0.04%
Losses have been mostly pared back, with selling pressure easing. Honestly wouldn’t mind more headline shocks from POTUS to really test the market’s resolve.
This could be another classic reminder price action and relative strength matter more than headlines when it comes to momentum trading.
Futures are holding up better than expected after the weekend’s failed peace talks, especially compared to the -1.5% to -2% news driven drops we saw just weeks ago.
$ES is currently only -0.74% and red to green intraday after gap down.
Feels like a regime where bad news brings shallow pullbacks, while good news drives faster, stronger upside. It would take a significant wave of catastrophic news for the market to revisit its March 30 lows again.
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