Princetontrader Futures Trading Education Charts of The Day December 27, 2016

The S&P Futures remain in holiday mode during the overnight session as we put in less that a five handle range. The key to the day will be whether the new weekly pivot will establish itself as either support or resistance. Where we close relative to the weekly pivot will provide clues as to which side can maintain tape advantage (buy dips or sell rallies). That said I am expecting a very quiet week as is typical of this time of year.

Daily Chart:

Hourly Chart: