Princetontrader Futures Trading Education Charts of The Day February 23, 2017

The S&P Futures placed a secondary band ride on the table after the Bulls ran price up off the open and then back to the new all-time high of 2365 at the close.  However, Bulls were unable to follow through and engage the upper band during yesterday’s session.  The Upper Band now resides at 2378 so the band ride dynamic is become less likely.  I’m expecting some consolidation/range trading up here near the highs.  If we get a nice 15-20 handle range that should make for some nice trading similar to late January.  Bears need to push back and get price below 2355 to begin any discussion of a pullback.