Princetontrader Futures Trading Education Charts of The Day December 16, 2016

The S&P Futures have settled into a trading range between 2247 and 2267.50. I doubt it will last much longer but while it does moves the the 2246/47 area are buys and resistance and lower highs in the area of 2267 are sells. The Daily Upper Bollinger Band ride has ended. Bears must follow through and prevent the Bulls from reengaging the band. That would lead to a squeeze. Bears will be faced with trying to convert a new weekly pivot come Sunday night. The Bears ability or inability to do so will set up the lean for the week. If you have had a good week as we have then don't over trade today and give it back. Take good setups, control risk and control size. Have a great weekend!

Daily Chart:

Hourly Chart: