Princetontrader Futures Trading Education Charts of The Day January 27, 2017
The Bulls continue to maintain their upper band ride on the daily chart. Their task is to keep putting pressure on shorts by engaging the upper band and making another new all time high. Bears need to get below yesterday’s low at 2289.50. If Bears can accomplish that then a push into Sunday/Monday that keep price below the upper band would end the ride. Bears must first continue to defend 2296.50 which was resistance during yesterday’s very narrow regular session. Until bears can break 2289.50 dips remain buys ultimately.