[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There has been a descending pennant forming with strong support around the 1361.75 - 1362.75 range. At this time seller pressure is testing this support once again. If support breaks the 1st target is 1361. The next target of support is 1358.75, and on down to target of support at 1356.75. If support holds buyers pressure will come in to drive price up to test 1st target of resistance at 1364.25. The next target is 1365.75. If there is a breakthrough of resistance at that level price will test next target of 1367, which is also the top trendline of the descending pennant. Next target is 1367.75 and the outer target of resistance is 1369.50. Trade What You See day trading course
