[/caption] The point of control on the weekly chart is 1312. Buyers are still in control, but this week could see a test of those levels. See comments on chart. The sell shadow on the weekly with a small retrace and loss of buyer control normally would project price to move to the 1312 area. First real test is at 1322. If we can keep the close above there and test down in After hours there will be a chance. Closing under here could be a problem for the bulls. Long term support and keeping is un this bullish channel comes in around 1240. If this acts as support we can keep this bullish channel in tact. Watch out for low volume days. Remember to always trade with a stop, as trading the S&P500 emini futures contract is high risk. S&P 500 day trading course
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