[/caption] If the resistant trend line on this bearish trend holds with lower highs at 1278-80 we could see a test down to 1268 area then another attempt on breaking through the support in the congestion zone from 1257 to 1260. The next area of support coming into 1252 then 1243.50 then extreme low of 1235. If the S&P500 emini futures contract bounces off the 1268 support and then moves through the bearish resistance line, then watch for a move to 1285, then 1293 and maybe a move to new highs by the end of the week. We are consistently seeing volume approaching the 2million mark with the high volume days controlled by buyers. It is almost as if we are seeing the invisible hand at the these support levels. A little early in the season for the turn, which normally comes 2nd week in September. If you are unfamiliar with this type of information and unaware of some these settings in the market place join us for a day trading course in Montreal, July 9-11. We have spots open. This will be an amazing event for most traders as they will get their break through with risk management and get their edge in the market place. Trade what you see. day trading course
