Princetontrader Futures Trading Education Charts of The Day April 3, 2017
The S&P futures battled over the daily midband of Friday and that has extended through the Sunday overnight into this morning. It has been a very tight overnight range. The new weekly Pivot at 2348.10 should be tested early in the week and how that level reacts to priced will be critical in determining which side has the advantage. The Bulls want to avoid that test by converting Daily Midband to support and breaking above the 2366/67 resistance are from last week. Conversion of those areas sets up look at the all-time highs. Bears want to hold midband and regain the traction of the last couple of weeks by converting weekly pivot in their favor. This would potentially open a move to the daily lower band in the 2235 area. Enter today with an open mind and let price dictate your next move.