Princetontrader Futures Trading Education S&P Futures Webcast May 12, 2017
The S&P Futures pushed lower the majority of the morning as low as 2379. However, as with many of the bear opportunities of late it was squandered as the Bulls were able to pull off a full V retracement back to new regular session highs and a full test of the daily pivot at 2393. We have seen a move back to 84/85 overnight but Bears need to produce another lower low today as we have three successive lower highs and lower lows. Bulls want this to be a flag and will want today to be the day they breakout to new highs.