Intraday Updates Thursday 11/7/19

9:09 AM EST
The trade news caused stock futures to rise pre market this morning.

Pre-market $VIX dropped from 12.6 down to 12.3, then promptly surged back up to 12.6 within a few minutes.

UVXY and TVIX which are typically depressed by the effects of contango gapped down overnight, but still not at the lows of Monday.

Small-cap futures are stuck at the same high of this week.   

If you look at the overnight S&P, Nasdaq and small-caps futures actions, prices actually rose up sharply at 2:00 AM EST, topped out at 2:35 AM and have been drifting slightly downward since.

We think that the seemingly sudden good trade news have actually been factored into prices in the last fews days already by Big Money.   So the odd of prices surging quickly to surpass Resistance2 today or tomorrow is low.

We still recommend the trading plan from our post last night.