Princetontrader Futures Trading Education S&P Futures Webcast May 16, 2017
The S&P Futures chopped the day away after a promising open to the upside. Bulls squandered an opportunity to print new all-time highs but Bears may just be delaying the inevitable as the entire day was spent solidly above the Weekly Pivot. No meaningful retrace was seen overnight so we head into the regular session with the Bulls holding a clear advantage. Higher lows since the 2379 low continue to be printed. False breakouts and false breakdowns continue to be the norm.