Monday, December 19, 2011

Day trading course - wide ranging market

[caption id="attachment_4606" 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. The market has been trading in a wide range between support at 1202 and resistance at 1225. A  pierce and test of support at 1202 followed with a rally up to present levels with buyers pressure to test resistance at 1219.75. If buyers pressure continues and the resistance at 1219.75 breaks through , the next target to test resistance will be 1220.50 to 1222.25 and then on to next target level of resistance at 1223.50. If sellers come in, a reverse to a bearish movement will have price to test the next level of support at 1215.75. If there is a pierce and breakthrough of support the next target is 1213.75, 1209 and then on to 1204 and 1202 respectively. Trade What You See  

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