Princetontrader Futures Trading Education Charts of The Day December 19, 2016

The S&P Futures has maintained it's 2273 all-time high for three sessions. The Bears continue to have potential to have a steeper pullback this week if they can convert the new 2256.60 weekly pivot as well as the 2247 support area. Bulls have been less than impressive since FOMC allowing matching highs in both the 2273 area and the 2267/68 area. As long as Bulls defend 2247 they have an opportunity to hold weekly pivot as support and convert 67/68 and 73. Watch the weekly pivot for clues as to which side will ultimately with the range.

Daily Chart:

Hourly Chart: