Day trading course

[caption id="attachment_4259" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. A bull rally in the AM brought prices up to test the resistance at 1210.25. A breakthrough of the resistance brought prices up to test the resistance at 1217.75. With a touch and test of resistance and a drawback, price went on to test support at 1207. A reversal back up to test resistance is now taking place. If there is a breakthough the first target is the top of the channel at 1219. If there's indecision price will range between 1214 and 1206, with targets of support at 1199, the bottom trendline of the channel, 1193 and 1185 Trade What You See  

day trading course

Day trading course - pennant

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Long term price action forming a pennant. The day has belonged to the bears up until 1:30 pm, after lunch buyers came in to move price up until there was a test of resistance at the top of the long term trendline at 1203. At this time price action is testing around 1196.25 . Next support level is 1191.50 and outer support level 1185.50. If support holds price will again reach upwards to test the upper trendline and then onto 1203, potentially reaching and testing upper resistance at 1216.

Trade What You See

day trading course

Day trading course - ascending wedge

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Buyers have been driving prices up and testing a strong level of resistance at 1194.

At this time, there is testing of support at 1187, with consolidation and indecision at around 1188.50. We shall see which way it goes this afternoon, if there is a test and breakthrough of the top of the ascending wedge at 1194, the next target is the top trendline of the longterm channel.

If the bears come into the market and the support at the bottom of the wedge at 1187 gives way, the next target is 1182. The second target is 1177, which is close to the bottom trendline of the long term channel.

Then to the 200SMA at 1163.

Trade What You See

day trading course

Day trading course - bullish

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Morning trading was ranging between support at 1168 and resistance at 1172, with a breakout from resistance at around 10 AM , drove price up to hug the upper resistance trendline of the longterm bullish channel, At this time, price is testing the support at 1176.50. If support does not hold next target is 1170, then onto bottom support trendline of channel. Next target 1155 and onto outer level at 1145.

If support holds expect buyers to come in and push price to test resistance at 1185.50 and then onto the upper trendline.

Trade What You See

day trading course

Day trading course - buyers push price up

[caption id="attachment_4243" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. So the buyers have been moving the price in a steady upward trend. Right now the support at 1153 is being tested once again. If price breaks through support which is a triple  of 1153, the 50SMA and the bottom support of the trendline, next target would be 1148, then on down to next support level at 1141 and then the outer support level at 1131. If the bulls move on in to continue the current upward trend, the first target is 1160 and on towards the top of the trendline and beyond.   Trade What You See

day trading course

Day reading course - rebound and consolidation

[caption id="attachment_4205" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption]        

day trading course

Day trading course - bearish

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Price has been trending down and ranging between the 50SMA and the support level of the downward channel.

At this time price is testing resistance at 1093. If there is a breakthrough the next level of resistance is at the 50SMA and then onward to 1111. It could head upward to the next resistance at 1128, which is close to the top of the trendline. If the resistance proves strong expect testing of support at 1084.

Trade What You See

day trading course