Princetontrader Futures Trading Education S&P Futures Webcast May 11, 2017
The S&P Futures have established a second potential lower high on the daily chart versus the Sunday night high. Price printed 2397 on the close after the Bears failed to convert weekly pivot to resistance. Thursday becomes a critical day. Bears have failed to convert weekly pivot/9 day sma for 3 sessions while making a series of lower highs vs the weekly high. Either we are flagging for a move to a new all-time high or a hard break today could begin the move toward the 2370 area.