Tuesday, December 13, 2011

Day trading course - bear pressure with strong support

[caption id="attachment_4589" 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. Due to sellers pressure resistance level is lowering from a high of 1265. There is a strong support level at 1220.75. Now in consolidation with a tight range between support at 1228.25 and resistance at 1233.75. If buyers come the next target of resistance is 1238, if resistance breaks buyers will bring price to test next target at 1244.25. Next target 1255, then 1262.75 onto the next level of resistance at the upper trendline of the channel. If sellers move in to test support, the 1st target is 1227.50 and then onto a strong support level at the bottom trendline of the channel. If support breaks through next level of support is 1206.50 then onto 1202, and from there next level to test support is 1190.75. Trade What You See

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