Futures are up across the board with the Dow leading the ascent...
DJI +187.00
S&P +23.75
QQQ +49.75
IWM +10.80
After today's utter gutting of the financial markets, we are seeing a bit of a retracement
Remember, nothing goes straight up and nothing goes straight down
It is the general consensus, that the route is not over
The bears were firmly in control today after the bulls were defeated early in the morning session
The Federal Reserve has all but come out and said that rate cuts for December are off the table. At this point, rate cuts might not be enough of a catalyst to save these markets
We will continue to monitor price action in the overnight session
Depending on the level of continuation and conviction, we will be watching CALLS at the opening bell
As always: Trade Accordingly
Goodnight Traders, see you in the morning
Thanks C