Technical Analysis

US equities slump at the open as the market weighs hawkish global central banks

Stock markets are showing a bit of gumption in very early trading. Futures were significantly lower but the cash market is holding steady with the Nasdaq basically unchanged. The S&P 500 is down 21 points to 3875.

The chart still doesn’t look great and today is quad witching so the option traders are in charge.

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