Day trading course - pennant

[caption id="attachment_4338" align="alignleft" width="300" caption="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.

In the AM bulls came in to drive price up to resistance at 1256. Bears took over to drive price down to test support at 1236.50. Right now there is indecision in the market. If the buyers come back the 1st target is 1250, if resistance breaks through next target is 1254.50 and the outer target is the upper trendline of the forming pennant.

If the sellers come back 1st target is 1243.50, if that support level breaks through next target is 1236.50 then onto the next target at 1232.25. If the support gives way the outer target is the bottom trendline of the forming pennant.

Trade What You See

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