day trading course
Day trading course - Day trading tips S&P500 day trading. S&P 500 emini futures daily charts and market movements. Live day trading room and break down of direction, price action and commitment in the S&P 500 market with day trading tips. Learn how to daytrade with support online trading. Gold trading, oil trading, futures trading and currency. http://www.moneymakeredge.com/blog
Tuesday, March 6, 2012
Day Trading Course - test of former support at trendline
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[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There has been a bearish move down with sellers moving price past the bottom trendline to test support at 1338.50. Buyers pressure came in and moved up to test price and found resistance at the former support level at the trendline. If sellers come in the 1st target is 1343 with the next target of support at 1338.50. If there is enough buyers to come in and break resistance at the trendline the 1st target is 1347, next target is 1352. If that level breaks, then onto next resistance level at top trendline, which also coincides with the target level at around 1355. If buyers pressure keeps up the next level to test is 1358.75, with the next target at 1362. Trade What You See
day trading course
day trading course
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