Tuesday, March 13, 2012

Day Trading Course - Bullish Channel

[caption id="attachment_5028" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade l Day trading education"]Day trading course l 866-640-3737 l learn how to daytrade l Day trading education[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. The buyers have been in control to push price to trend in a bullish channel. At this time price consolidating at the upper trendline of resistance. If the buyers come in the pressure will drive price up to test resistance at 1375.75.If there is a breakthrough of resistance price will push past and test the upper trendline of the bullish channel. If sellers come in, the pressure will be to the downside to test support levels with the 1st target at 1374. If there is a breakdown at this level the next target is 1371.75, then all the way down to 1368.75 and 1366.75. The next target will be the test of support at the lower trendline of the channel. Onto next targets at 1362.75, 1360.75 and the outer target of 1358.25. Trade What You See

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