Princetontrader Futures Trading Education Charts of The Day December 30, 2016

The S&P Futures Traded as low as 2239.50 yesterday but failed to close below the key 2243 support area which bears we in a position to convert and push for more downside. As a result we traded as high as 2252/53 during the overnight. The midband on the daily chart was tested and held for the moment. Bulls need to get back to the weekly pivot (2260.27) and Bears must finish what they started yesterday in the 2239 area. daily midband support/resistance will be the best tell to determine who has the intraday advantage. Happy New Year!!!

Daily Chart:

Hourly Chart: