[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After 8 days straight of lower closings there was a 6 point gain.The price touch and tested the support at the lower trendline of the channel, ending in price failure to the upside. The price then went up pierced and went through to end up above the upper trendline and is now ranging between 1255 and 1262. It looks as if there is the right side shoulder of a head and shouders formation taking place. if that takes place target is at 1269.25 and the next target from there is 1276.00. If the bears take over price will go down to the first target at 1249.25 and the next target from there to the downside is 1237.75 Trade What You See day trading course
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