Brian Stutland's Bearish E-mini S&P 500 Trade

Brian Stutland said on CNBC's Futures Now that he is considering to take a short position in e-mini S&P 500 futures. Anthony Grisanti commented that he is also looking to sell this market. He thinks that not only the traders' confidence changed, but the consumers confidence is starting to lag a little bit too. He said the geopolitical uncertainty can push the market lower and you can't name a lot of catalysts that could lift the market. Grisanti feels that the 100-day moving average will not hold and he is looking at 200-day moving average, which is currently at 1,857. He expects e-mini S&P 500 futures to touch the 1,870 price level.