Futures steadily higher as we start to approach the early morning trading action. Stocks have been on he decline of late, but the pullback has been extremely shallow and nothing that invokes fear from traders near and far.
Even if the market opens lower tomorrow, there is little reason to believe that the dip buyers won’t jump in early on and offer support and prop the markets back up.
You do have the 200-day moving average that the Nasdaq is working on, and the declining trend-line off of the November highs that the S&P 500 is working on, but should they both break, this market is likely going to make a run for all-time highs.
Here’s the futures:
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