Princetontrader Futures Trading Education Charts of The Day April 10, 2017
The S&P futures ended another volatile week fighting over the same piece of ground as they began – the daily midband. The new weekly pivot at 2355 will play its usual role in determining who has control of the tape early in the week. Bulls want to create support at 2355 and try to take out last weeks highs. Bears want to seal 2355 as resistance and get back down to the 2337 area. Both sides has difficulty finishing off the other which led to some very nice two way trading. I am away on vacation this week and will update the written content as much as my spotty internet access will allow.