Princetontrader Futures Trading Education S&P Futures Webcast April 21, 2017
The S&P Futures broke above the daily midband and closed above. This is the first major attempt to convert that level since April 5th when 2375 was rejected. We discussed in yesterday’s webcast how the Bears were running out of opportunities to make lower lows and that the Bulls were running out of time to convert the daily midband. The higher lows seen since Sunday night gave the directional nod to the Bulls. The Bulls must follow through on yesterday’s action. The Bears want the rejection and reversal. Today sets up next week. Watch your risk and go with the flow. Don’t choose sides. Let the winning side chose you.