[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. In the last couple of days there was a rally up to 1275.50 with price holding in that resistance zone. A subsequent move down to test support at bottom trendline. a retraction to present price levels with another pennant forming due to indecision, ranging between support at 1236.75 and resistance at 1239.25. If buyers come in next target is the top line of forming pennant onto the 1248.25 - 1251.25 zone . Outer targets are 1267 onto 1275. If sellers push price down target is 1236.75. If support gives way, next target is 1224.75 and down onto bottom trendline of the long term channel at 1218.75. Trade What You See day trading course
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