Princetontrader Futures Trading Education Daily Report May 22, 2017
The S&P Futures are testing the middle Bollinger Band on the daily chart. Weekly Pivot held as support on the overnight session (2376.75). The key to today's trade will be how the middle band converts. Does it become support and propel bulls to a move back to 2400? Or do we get a reversal and start to make progress downward after what could eventually be described as a classic multi-day rally sell. Should be an interesting week.