[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After a steep decline there was support that held at 1243 with a subsequent cosolidation channel with range of support at 1244.50 to resistance at 1249.75. Then 50% retraction to resistance level at 1255.50 to 1256. Now in consolidation in this area. If buyers come in and break the resistance at this level the 1st target is 1257.75 onto next level at 1261. Buyer pressure could drive price back up to test resistance at 1263.75. If resistance holds, sellers could come in to drive price back down to test support at the 1st target of 1251. If this support level is to break, the next level to test would be 1249.25 onto 1247, then to the lower price target of 1244. Trade What You See day trading course
No comments:
Post a Comment