Your MUST-READ Morning Stock Futures Cheat Sheet: Pressing lower
The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Pressing lower
Big Picture Analysis – After a strong showing early Friday in the ES, most of the day’s gains were given back into the close. Overnight, a new recent low at 1335.75 was made on continued worries out of Greece, and risk of another material leg down have increased. Having said that, a quick pop to ~1350 to shake out weak shorts would be in line with recent trading patterns, and acceptance above would force more serious short covering. No economic releases today, so it should either be a quiet day or one dominated by headline risk.
Click above images for larger size.
b English at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com