[/caption] We are still in a bullish channel with support at 1258. The point of control is 1266.50 with the sellers holding most of today's trading period. Ireland is definitely going to create some volatility this week as they are thumbing their nose at the bankers. Looks like it is time to jump ship is the theme and Greece will soon follow. Looking at short term support to come in at 1264 and the next support the trend line around 1256-58. Next support short term is 10252 with a major support around 1236. Don't know if it will go that far but we shall see. Resistance is 1270, 1277 then 1287 with an extreme high around 1295. Last hour today into the close could be quite volatile. Trade what you see but stay away from the highly volatile periods which could invalidate your trading methodology. We are having a day trading course for three days from July 9-11 in Montreal, Canada. Join us if you can, we will work on you experiencing risk management so you can transfer it into your trading. The Money Maker Edge day trading course will have you cleaning up your charts, managing your risk and start taking profit out of the market. S&P 500 day trading course
