[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There was a touch and test of support at 1353.25, a move up with a prolonged stay to test resistance at the 1355.75 range. A breakthrough then a move up to test the 1357 target of resistance . Another move down to test support once more , then a strong move up to rally with buyers pressure to break through the 200SMA. The resistance at 1362.25 ( the top trendline ) proved strong and price came tumbling down to then reach strong support at 1355.25. There is a definite bearish trend on the whole. The price at this time is hanging around the 50SMA. If the sellers pressure to test support and keep the trend 1st target is 1355.75, then to 1355.25. If support breaks the next target is 1354 to 1353. If buyers come in price will test resistance 1356.75. Next target is 1358.25 then 1359.25 on to 1360.50. If sellers pressure keeps testing resistance, next target is the top trendline on to target at 1362. Trade What You See day trading course
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