[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After a period of consolidation buyers came in to touch and test resistance at 1298. Resistance level held resulting in sellers pressure to drive market down to pierce and test support at 1286.75. With definite support at that level buyers came back in and drove market price back up to pierce and break through resistance level of 1298. Right now market has gone into consolidation and indecision. If buyers come back in 1st level to test is 1302.50. Next target is 1309.25, 1314.50,1321 and onto 1324, 1335 to 1342. If sellers come in, pressure to the downside to test support at 1297.25. If there is a breakdown of support the next target is 1294.25 then onto 1291.25,1288.25,1287,1283 and onto 1281.25 and outer level of 1275. Trade What You See day trading course
No comments:
Post a Comment