Day trading course in the S&P500 emini futures learn how to trade, manage exposure and take risk.
The S&P500 emini stalled on its 2 day move down to the present levels just above yesterday's point of Control. Day traders had low buying volume with an abscence of sellers. Ending the day in indecision with no price direction. This could be a stall before an attempt to rally back. We shall see. We are still in a long term bearish channel off of previous weekly swing highs with a a move up to test resistance around 1290, as mentioned before the rally with the Greeks agreeing to agree to have some austerity measures followed by the call for a referendum post agreement has moved this sell off down pretty quickly.
Day trading this price action on the way up was almost a capitulatory bullish investor volume on the buy side with price failure and reversal above the 200 MA (red ma).
The resistant trend line (bearish) held with price above 1263 unsupported. Looks like if we stall at current price levels and consolidate between 1220-1240 that the short term bearish flag could set up for a continuation through 1200 and a further sell off to 1160 area of major support. If we get day traders on the buy side moving in to break through the resistance at 1240 watch for a test of the previous highs at 1255. Through this price level we might see some consolidation and then a push to the 200MA. If the buyers can't hold and close above the 200MA we could then see some price failu [...] 
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