Day Trading Course|866.640.3737|learn how to day trade stocks and futures.
We will be training in Montreal in two weekends from now and would love you to join our community. We offer support in English, French and Japanese. Let's take a look at the S&P500 emini futures for an indication of where price might go.
Day traders have sold the S&P500 to support.
Sellers have moved this market down to 1119.50 creating a temporary support on this bearish move down. We have a price failure to the resistance at 1128.50 with sellers following through with more pressure to support again. Point of control, where the buyers could take the direction for the day is above 1128.50 area. Watch for a re test of this area in the opening hours if the support holds to the regular market open. 
Remember traders, if you do not see a signal, don't trade remember your foundation from the day trading course.
A lot of traders have increased their exposure at these levels while the smart money has decreased trade size and will add on once they have direction. There will be a lot of victims off this next move in either direction. Bearish action could push through to new swing lows. Our first resistance to the downward pressure or sell is around 1110 which is a previous swing low. There is more of a psychological support at the 1100 range where investors will be screaming "oh no!" I wish I would have sold earlier and then dump into a sell off. Good for those of us with the accounts and the ability to short in to [...]day trading course
