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What If S&P 500 Futures Slide Below 3131 Amid Growing Global Worries?

Published 12/10/2019, 03:28 AM
Updated 07/09/2023, 06:31 AM
ESM24
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On analysis of the movements of S&P 500 Futures in different time frames, I find that the U.S. equity indices look ready to slide further amid growing global economic slowdown fear since China has reported weaker export data; which look evident enough to highlight the damage from the 17-month long trade war and re-focused attention on a crucial December 15th, 2019 as tariff deadline.

There is no doubt that a sustainable move by S&P 500 Futures below the level of 3131 will confirm the continuity of this sliding move during this week.

S&P 500 Futures 4 Hr. Chart
S&P 500 Futures 1 Hr. Chart

What If S&P 500 Futures Slide Below 3131 Amid Growing Global Worries?

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What If S&P 500 Futures Slide Below 3131 Amid Growing Global Worries?

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