Wednesday, December 28, 2011

Day trading course - testing resistance

[caption id="attachment_4619" 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. There has been a bullish movement with a strong resistance level at 1263.50 to 1264. If there is a retraction and the sellers come in, next support level is at 1261. If that support level breaks through the next level is 1259.50 onto 1258.25. The next support levels are 1257.25, 1255.50, the bottom trendline, 1254.25 then onto lower range of 1249.50. If the buyers keep coming in, the pressure will keep driving price up to test the next level of resistance at 1268.50, 1279 and onto the outer target of 1283.75. Trade What You See

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