[/caption] Looking at the S&P500 emini contract we are coming into an continuation pattern on the Longer term intraday trading charts. In a bullish channel when the price action breaks to a pennant form we are looking for a break from tho point of control at 1320. and a break of the supporting or resistant trend line. Watch for resistance at 1335 then previous swing high levels at 1343-5 and then a move to the midterm target of 1365 and the extreme high of 1385 which would be an equidistant move on up. For support the previous long term target we carried from the bottom to 1265 which I am expecting to act as an extreme low until the Quantitative easing is finished. Will post a shorter term chart with daily targets tomorrow AMbefore the session begins. Remember One of the biggest battles one fights is not with the outside world (the markets) but getting congruent with the inside world (yourself). JW Money Maker Edge Trading course. S&P 500 day trading course
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