Trading the S&P500 emini futures contract in the S&P500 day trading course live room.
There has been a retraction and the S&P500 has given up its gain from last week from a high of 1290 to where it's at right now at 1232.50. It has pierced and broken through the support at the bottom trendline and now is on its way down to test the next target at 1230. There is a very strong level of support at 1216.
If the bulls move in the 1st target is 1241. The next target is 1248 then onto resistance at 1261.25. The outer resistance level is at the top of the channel at 1273.50.
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