Sell off in the S&P500 emini futures is challenging the Psychological support at 1300. Buyers are wondering if they can hold this position any longer. Will they have to sell?
Click on the chart to get a better view. The S&P 500 emini futures day trading course is looking at areas of support and resistance. Be aware and Beware - Trading futures is high risk, don't listen to anyone's opinion. Do your own home work and be sure to keep your money away from this market if you are not using a stop. Psychological Support is 1300. Watch out below as Buyers may not be able to hold. Point of Control for May 18 is 1302.75 with a downside target of 128.025 then 1265-68.
This is the finish to the video I put up last night. The after hours close on the S&P500 emini is just on the 1300 psychological support. Watch out for the talking heads. If they bring in the doom sayers "market is heading to 666" then I will watch for a headfake to 1265 and some capitulatory volume. As mentioned the EURUSD and the Dollar index are running against each other and we are headed to Their respective support and resistance lines. Trade what you see and never listen to the so called experts. If you can't see the direction of the market and don't understand how to use a stop, then don't trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late. Day trading course focusing on the S&P500 emini futures support and resistance and <a style="text- [...]day trading course
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