[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. In the afternoon at 1430 there was a pierce and test of the support level at 1393.25. Price failure led to a rally the rest of the afternoon till closing at 1400.50. After hours consolidation with another test down to support level around 1398. After some indecision resistance level at 1401.25 broke to test the next level of resistance at the trendline. Sellers came in and pushed price down to test and breakthrough support at 1398.25. If sellers commit and break through support at 1397 the next target is 1393.25. If buyers come in pressure will take price to test the first target at 1401. If there is a breakthrough of resistance the next target is 1402 on to the resistance at the trendline. The next target levels of resistance are 1404.75, 1406.50, 1408.50, 1410.75 and on to outer resistance level of 1414.50. Trade What You See day trading course
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