Princetontrader Futures Trading Education Charts of The Day December 20, 2016

The S&P Futures remain in the 2247-2267.50 range and the weekly pivot at 2256.60 did its job of establishing yesterday's winner. The bears inability to convert 54-5 led to a move to the top of the range in this morning's pre-market. Bulls need to convert 2267.50 while the bears needs below 54-56 and ultimately 2247.

Daily Chart:

 

Hourly Chart: