Princetontrader Futures Trading Education S&P Futures Webcast May 19, 2017

The S&P Futures continue on an upper band ride.  Price made matching lower highs at 2388.75 last week and the pre-market push from the 2377 low (2375-79 support zone has held the past two tests) will need to get above 2388.75 this morning and open a test of 2394.75.  Failure to do so will keep the bearish argument that bulls are price/momentum exhausted alive and sets up a test of the new weekly pivot at 2379.9.  Bulls still have one job on the upside…a new all-time high.  Anything less leaves them exposed.