[/caption] Today's point of Control 1294.50 with a test to supporting trend line at 1289.75. Sellers are in control but have slightly exhausted and are consolidating in a channel from 1297 to 1294 with an occasional head fake to take out those who don't understand the settings in this time period. Looking for a break above 1296 later in the day to move to the resistance at 1303 area. If we can get through to 1306 then looking for 1314 area on continued buyer volume. If sellers do take control from the supporting long term trend line at 1391.50 then watching for further movement to support at 1282.75 and an extreme low at 1278.50. S&P 500 day trading course
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