S&P 500 Futures And Nasdaq 100 React To U.S. Hong Kong Developments

Published 11/21/2019, 12:06 AM
Updated 07/09/2023, 06:31 AM

There is currently more market action, thanks to the U.S. Congress taking an extraordinarily rare, virtually unanimous, opportunity to voice its support for Hong Kong. First it was the Senate, and now the House joins them. The S&P 500 Futures has cracked 3100 and I think 3105 is a fairly important line in the sand.

ES Chart

Likewise, on the Nasdaq 100, 8284 is an interesting short-term delineation between the distribution top and what lies beneath.

NQ Chart

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