Princetontrader Futures Trading Education S&P Futures Webcast April 20, 2017
The S&P Futures tested the daily midband on Wednesday and the test proved to be resistance yet again and resulted in a move back to the lower 2330s. The 2330 area continues to hold as support and you can see on this morning’s hourly chart that the Bulls continue to create higher lows off the Sunday night opening low of 2322.75. The Bears must take advantage to the Bulls inability to convert daily midband and take out the Sunday night low this week. A failure to do so will put the Bulls in a better position to convert daily midband and make a move back to the 2374-77 area. The 2338.25 weekly pivot remains the battleground.