S&P 500 Futures may start the upcoming week with a gap-down move. There is no doubt that this gap-down may push the S&P 500 futures below the level of 3069. A sustained move below the level of 3182 within the first two trading sessions of the upcoming week, amid growing Middle East tensions, could extend the current exhaustion.
The unusual correlation between the S&P 500 and gold futures during the last week, finally resulted in a bearish breakout in S&P 500 futures on Jan. 3, 2020.
S&P: Futures May Start Upcoming Week With A Gap-Down
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