Princetontrader Futures Trading Education Charts of The Day December 2, 2016

Bears converted the key price area of 2203-2200.75 and closed below the prior all-time high and November double bottom at 2191.50. Bears need to survive this week's main catalyst the jobs report and attempt to close below 2191.50. Bulls want a positive jobs reaction and a close above 2203.

Daily Chart:

Bears converted the key price area of 2203-2200.75 and closed below the prior all-time high and November double bottom at 2191.50. Bears need to survive this week's main cayalyst the jobs report and attempt to close below 2191.50. Bulls want a positive jobs reaction and a close above 2203.

Bears converted the key price area of 2203-2200.75 and closed below the prior all-time high and November double bottom at 2191.50. Bears need to survive this week's main catalyst the jobs report and attempt to close below 2191.50. Bulls want a positive jobs reaction and a close above 2203.

Hourly Chart:

Here you can see the lower highs and lows Bears have produced at each of the critical levels we've discussed this week. 2183 and 2177 are key below.

Here you can see the lower highs and lows Bears have produced at each of the critical levels we've discussed this week. 2183 and 2177 are key below.