Princetontrader Futures Trading Education Charts of The Day March 6, 2017
The S&P Futures are steadily making lower highs and lower lows since the March 1st high at 2401. The new weekly pivot at 2280.00 will be a critical bull/bear line for this week. If the Bears can seal the 2280 as resistance then the Bears should have an environment where they can convert the 9 day sma on a closing basis. The obstacle to the Bears getting any traction in this tape is their consistent inability to convert any area of real importance. The Weekly Pivots and 9 day sma would fit that criteria. Absent the Bears being able to hold a key area…all dips are buys.