[/caption] We are still in a bearish channel with lower highs and decreasing volume on the rallies. Low volume today as we have a contract change to September Emini futures contract. Our daily average volume is around the 2.58 million mark based on 13 days. The point of control for direction is 1080.50 on the weekly chart and it is transferred on to the daily chart showing us an area of resistance. Looking for it to retest the 1087-1097 area Friday from a low of 1068. Watch your self into the close on Friday, Europe's close could give some indication of direction. Looking at the 30 minute Chart on the S&P500 emini futures September contract: [caption id="attachment_2327" align="alignleft" width="197" caption="S&P500 day trading course 30 min chart 6-10"]
[/caption] Lots of price failure on the move to 1067. Could expect this to be a bullish flag pattern with a 1080 ta [...] S&P 500 day trading course
No comments:
Post a Comment