[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Over the weekend a big bear move created a gap and proceeded to touch and test the support at the bottom of the channel with price failure to 1328. Followed with some indecision and another series of tests to the bottom of the channel. Looks like buyers are trying to close the gap and test upward to first resistance at 1334 and could move to next target at 1342. If resistance gives way, look for price to test the top of the channel and possibly go up to test the outer target at 1360. If sellers come in and break through support at the bottom of the channel, first target is at 1325, next target is at 1322 and outer target is 1316.75 Trade What You See day trading course
