RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Indices

Stocks Make Run Higher After NAFTA Deal

Posted 10/01/2018 11:34AM CT | Alexander Turro

Global equity markets were higher in the overnight with the exception of the RTS index as well as the Australian All Ordinaries. U.S. equity markets have garnered support following a late night agreement with Canada to revise the North American Free Trade Agreement. The agreement has provided risk on buying momentum going into the beginning of the fourth quarter. The S&P has appeared to find a level of support around 2908 with the next upside target near the September high of 2947. Look ahead to members of the FOMC who will be speaking throughout the week as well as the release of PMI and jobs data.

E-Mini S&P 500 Dec ’18 Daily Chart

E-Mini S&P 500 Dec '18 Daily Chart

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Alexander Turro

Market Strategist
Alex began his career with an IB at the Chicago Board of Trade after graduating with a BA/BS from Indiana University. He then went on to work for a proprietary trading software company before joining RJO Futures as a Market Strategist.
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