Princetontrader Futures Trading Education Charts of The Day March 31, 2017
The S&P futures spent yesterday battling over and trying to convert the daily midband to support. R1 in the 2366 area held in the rally and after a very choppy to flat afternoon we have seen some pullback from the bears below the daily midband. The bears inability to take out the 2351.67 weekly pivot yesterday despite their premarket strength allowed the bulls to establish the daily pivot as support for the third session in a row. Once daily pivot was established the rally was on yet again. We closed just above the daily midband so I’m not really buy dips or sell rallies as I head into today. No clear winner has been established. Trade what you see is the way to deal with this morning. Bulls need over 2367, bear need under 2348. The 20 handles inside of that are just trading. Any move that converts that 20 handles price area sets up the April trade. It’s been a great month subscribers let’s finish strong, protect what we have and move on to April.