On analysis of the movements of S&P 500 Futures, I find that the struggling futures looks evident enough to accompany the extended sell off from the day’s high; may continue to slide amid growing global worries over lockdowns in different parts of the world. There is no doubt that a sustainable move of below the levels of 2668 will confirm the currently prevailing bearish sentiments despite a heavy dose of financial stimulus. Currently prevailing exhaustion in other major equity indices looks evident enough of no major change in sentiments.
I find that a breakout below the lows of March 23 may push back the S&P 500 futures on the downward voyage once again during this week; as the steady look evident enough to confirm the growing weakness in global equity markets.
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance…