Trading the S&P500 emini futures contract in the S&P500 day trading course live room.A double top has formed with support testing the 1382 level.If support breaks through the bottom trendline pressure could bring price to test the first target at 1379.25. The next target level is 1376.75 The next support ... Read More
31
Jul2012
26
Jul2012
Trading the S&P500 emini futures contract in the S&P500 day trading course live room.Another consolidation pattern has formed and we are waiting for the outcome. Will it go for a continuation with the downward trend or will the buyers come in to test resistance on the upside?At this point the support ... Read More
24
Jul2012
Trading the S&P500 emini futures contract in the S&P500 day trading course live room.A pennant has formed signifying congestion while there's consolidation.We'll see the pattern completed when the price breaks outside of the converging lines.If it proves to be a strong bear trend, sellers will pressure to break outside of the pennant on the ... Read More