Mike Vacchi from Princetontrader Futures Trading Education in his Daily Webcast analysis of S&P Futures for beginners and experienced traders seeking the best in Futures Trading Education. Risk focused trading for all!
The S&P Futures provided some relief from the compressed up move and broke several key support levels including the weekly and monthly pivots as well as the daily lower Bollinger Band. We are due for some type of reflexive bounce but as long as monthly pivot and lower band hold in price all rallies are sells. The 2383 daily midband would be as far as bulls can take a rally.
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