Good morning traders!
The S&P 500 ($SPY) is trading near Friday’s close. Let’s get into it…
Markets rebounded early last week in hopes of lighter policy from the Federal Reserve in the upcoming rate decision. This morning, the major U.S. index futures are indicating a weak opening Monday as investors consider the possibility of an escalation in the Russia-Ukraine War and anticipate the upcoming earnings season.
In the news, Russian forces fired missiles at a number of Ukrainian cities over the weekend. The attacks appear to have been a response to a devastating strike on a bridge that connects Russia to the Crimean peninsula, which Russian President Vladimir Putin annexed in 2014.
Potential Intraday Resistance Levels:
EOD VWAP: $371.21
Potential Intraday Support Levels:
Pre-Market Low: $366.60
Note: Moving averages are reported from the previous trading session and will change during the next trading session.
Monday Economic Events:
US Markets Open
Bond Markets Closed
Fed Speaker Scheduled:
Charles Evans 9:00am ET
Lael Brainard 1:35pm ET
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