Day trading course -

[caption id="attachment_4102" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

There was a rebound to the upside with a susequent drop to test and break through the support and end the day at 1116.75. There was a double bottom that formed and went up to test the former support which is now the new resistance area. If there is a break through at 1148.00 the next target is at 1164.75. If the resistance holds expect the sellers to come in to take the price down to the bottom of the present range at 1136.00 to test the support. The next target is 1117.00 and the outer target is 1098.00.

Trade What You See

day trading course

Day trading course -

[caption id="attachment_4096" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Close at 1117 went to low of 1077 and rebound to the top of the long term channel, touch and tested resistance and has gone back down to the middle of the channel to meet with indecision at this time. If the bearish sentiment continues the sellers will move prices to test the targets at 1117, 1100 and on down to 1077. If there is a rebound look for prices to test the resistance at the top of the channel , onto the next target at 1136.25 and then to the outer target at 1162. Trade What You See

day trading course

Day trading course - right shoulder

[caption id="attachment_4086" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After 8 days straight of lower closings there was a 6 point gain.The price touch and tested the support at the lower trendline of the channel, ending in price failure to the upside. The price then went up pierced and went through to end up above the upper trendline and is now ranging between 1255 and 1262. It looks as if there is the right side shoulder of a head and shouders formation taking place. if that takes place target is at 1269.25 and the next target from there is 1276.00. If the bears take over price will go down to the first target at 1249.25 and the next target from there to the downside is 1237.75 Trade What You See

day trading course

Day trading course -

[caption id="attachment_4077" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. The bears were in control today and had pierced and tested support at the bottom of the long term channel, then m0oved upward to test resistance at 1283.00, In turn coming down to test support level at 1270.50. Currently in indecision, if support to give way first target is 1263.50 and on down to the bottom of the channel. If buyers come in, levels of resistance start at 1278.50 then onto next target at 1283.00. There is a big jump to next resistance at 1297.50. Next target 1302.00 with outer target at 1308.75, on the way to the top of the long term channel. Trade What You See

day trading course

[caption id="attachment_4072" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Over the weekend buyers took over and created a 12 point gap to the upside . Price hung out at around the 200MA. Now testing the bottom support of the short term chennel at 1300. Might be trying to close the gap that was created, if the support gives way look for next target to be at 1293, next target at 1289 and if support gives way look for price to keep heading towards bottom of the long term bearish channel. Outer target is at 1269. If they come up with a resolution to the current budget crisis look for a rally to the upside with target being at 1307.75 and then on towards top of the bear channel and beyond. Trade What You See

day trading course

Day trading course - descending wedge

[caption id="attachment_4065" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Buyers are testing the resistance at the top of the the descending wedge. If resistance does not break expect a test to the support at the bottom, it could follow the long term bearish trend that has turned into a ranging channel between support at 1325 and resistance at 1340. If there is a breakout at the top of the wedge expect to go to the next target area at 1331.50 . Next would be the top of the long term channel and 1339.75. If support gives way you could see ptice go all the way down to outer target at 1309.75 Trade What You See

day trading course

Day trading course

[caption id="attachment_4056" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Over the weekend a big bear move created a gap and proceeded to touch and test the support at the bottom of the channel with price failure to 1328. Followed with some indecision and another series of tests to the bottom of the channel. Looks like buyers are trying to close the gap and test upward to first resistance at 1334 and could move to next target at 1342. If resistance gives way, look for price to test the top of the channel and possibly go up to test the outer target at 1360. If sellers come in and break through support at the bottom of the channel, first target is at 1325, next target is at 1322 and outer target is 1316.75 Trade What You See  

day trading course