Princetontrader Futures Trading Education Charts of The Day November 24, 2016

Daily:

2191/92 has established itself as a floor after being the launching point for two consecutive morning lows. The Bulls need to hold that area and convert 2203 next. Above that is 2214. Bears need 2203/04 to stay resistance and hope (yes hope - it's all bears have left) that over time they can muster a hard push down below 2191.50 that sticks. Happy Thanksgiving!!!

2191/92 has established itself as a floor after being the launching point for two consecutive morning lows. The Bulls need to hold that area and convert 2203 next. Above that is 2214. Bears need 2203/04 to stay resistance and hope (yes hope - it's all bears have left) that over time they can muster a hard push down below 2191.50 that sticks. Happy Thanksgiving!!!

Hourly:

I'm leaving this trendline up here as long as price continues to respect it as both support and resistance. Two touches yesterday and it held/prevented a larger move over 2203. 2191/92 is a floor at this point until proven otherwise.

I'm leaving this trendline up here as long as price continues to respect it as both support and resistance. Two touches yesterday and it held/prevented a larger move over 2203. 2191/92 is a floor at this point until proven otherwise.