After a rally Wednesday led by Federal Reserve Chair, Jerome Powell’s, dovish comments U.S. stock futures are set for a lower open today. Investors are taking a cautious approach with the trade talks between the U.S. and China coming up this weekend at the G20. Presidents Donald Trump and Xi Jinping will hold a side conference Saturday at the summit in Buenos Aires. Traders will need to see some progress in the talks between the two sides to bring the market back to the highs it had in fall. The market will also be looking at the release of the Fed Reserve minutes from the Nov. 7-8 meeting at 2 p.m. EST. The Fed chose to hold the fed-funds rate steady at rates between 2% and 2.25%. Major earnings today include HP, Dell and Palo Alto Networks. Market support today at 271400 while resistance comes in around 275000.
E-Mini S&P 500 Dec ’18 Daily