Princetontrader Futures Trading Education S&P Futures Webcast May 4, 2017
The S&P Futures held the support area yesterday and confirmed support after the 2pm FOMC announcement. Price has steadily risen overnight and has printed a high of 2390.75 as I type. The Bulls must continue the move higher during the regular session and make a new all-time high this week. The pieces are in place for that move. We still have the jobs report coming up tomorrow. The Bears traded as low as 2375.50 yesterday. Bears traded below the weekly low of 2477 but couldn’t hold it. Bears need below 2375 to have any real argument about closing the week in their favor.