[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. With a strong rally on 7/13, the price went into a range due to indecision, with the outcome being sellers pressure to create a gap to the upside. Eventually touching and testing the upper resistance trendline of the bullish channel. At this time ranging between support at 1353 and resistance at 1355. If buyers come in to break the range to the upside, the target is the upper trendline of the bullish channel. If there is a retraction due to sellers creating pressure to close the gap, and even further to test the support at the bottom trendline, the first target is 1353. The next target is 1350.75, then on down to 1349.50, 1347.50,1345.75 and on to the outer target of 1343. Trade What You See day trading course
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