Princetontrader Futures Trading Education Daily Report May 19, 2017
The S&P Futures got the relief rally that many were look for on Thursday. What happens from here becomes critical. Bears want a sell rallies environment. To accomplish that yesterday’s high of 2375 must be defended and price will need to make its way back to a lower low over the next few sessions. Bulls want the full V rally. To keep the rally headed back to the all-time highs the daily midband (2385) must be converted to support.