Day trading course – wait & see – indecision futures market

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

In the last couple of days there was a rally up to 1275.50 with price testing and holding in that resistance zone. A subsequent move down to test support at bottom trendline, a retraction to present price levels with another pennant forming due to indecision. Ranging between support at 1236.75 and resistance at 1239.25.

Day trading course looks at price and direction, the support and resistance and the direction of the market.

If buyers come in next target is the top line of forming pennant onto the 1248.25 – 1251.25 zone . Outer targets are 1267 onto 1275.

If sellers push price down target is 1236.75. If support gives way, next target is 1224.75 and down onto bottom trendline of the long term channel at 1218.75.

Day trading course will be in your area soon, join us for Day trading education.

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.  We will be in Calgary, Edmonton, Montreal, New Smyrna Beach, Pheonix, AZ, Los Angeles, San Francisco, Chicago, Sydney, Perth, Australia, Singapore and Hong Kong.

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 choosing a Day trading course, be sure you understand the risks involved in trading.