On analysis of the movements of S&P 500 Futures in different time frames, I find that the investors still look under confusion over the growing uncertainty about if and when a trade deal will be signed.
The absence of a fixed date for sealing a partial deal may shift the command in favor of equity bears. I find that a lower opening of U.S. equity indices may extend current exhaustion on November 18th, 2019.
No doubt that the currently prevailing exhaustion in S&P 500 Futures has resulted in formation of an “Exhaustive Candle” in a daily chart; which may get confirmation from the today’s move, if S&P 500 Futures are not able to defend the level of 3102 on November 18th, 2019; which may continue to extend this exhaustion during this week.
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