Day trading course – breakthrough of support
Trading the S&P500 emini futures contract in the S&P500 day trading course live room.
There has been a pierce and breakthrough of the support at the bottom trendline of the bullish channel. The bottom trendline could prove to be the present resistance level when the market picks up again.
If the buyers should enter the 1st target is 1247.25, then onto testing of resistance at the previous support line. If price breaks through resistance, next level is 1255.50. Next level is at 1262.25.
If the bears come in 1st target is 1242.25. If support gives way, next level to test support is 1236.25.
Trade What You See
The S&P500 emini futures is one of the largest professionally day traded markets in the world.
Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.
Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.