Princetontrader Futures Trading Education Daily Report May 19, 2017

MARKET VIEW

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.

CHARTS OF THE DAY

PIVOT TABLES