Princetontrader Futures Trading Education S&P Futures Webcast January 19, 2017
The S&P Futures spent another day in the range (2257.00-2268.00). While we made no progress on longer term timeframes it did provide some good morning opportunities. The afternoon trade was basically a 4 handle chop range with a small reach to the upper end of the range at the close. The 2267.50 area remains resistance and held through the overnight session. Each side wants to accomplish their goals. Bulls sustain a trade over 2270 and make a new all time high to initiate an upper band ride. Bears want to convert weekly pivot and daily midband and test lower support areas. Compression continues on the daily chart. Resolution will come in time. Until then take advantage of what the market is giving you.