Thursday, November 24, 2011

Day trading course - bear trend continues

[caption id="attachment_4447" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"]Day trading course l 866-640-3737 l Day trading education[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. As we enter the Thanksgiving holiday the bear trend has continued its downward path with a pierce and test of the  support at the bottom trendline. Look for light volume with consolidation in the 1167 to 1178 range. When the market picks up buyers could take price up to test the resistance at the upper trendline with the next target area at 1192.25. If the bear trend continues he first target is 1168 and on down to test the support with a target at 1158.75 and then onto the support at the bottom trendline of the bearish channel. Trade What You See Happy Thanksgiving

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