S&P 500 emini futures day trading, the support and resistance levels for the last week. Looking at congestions zones and areas for a break out. You can see major trend lines and decreasing swings on the chart.
Monday April 27 2009 S&P 500 Gap
Friday close 861.50
S&P 500 emini futures day trading and live room, looks like the point of control from yesterday is still holding.
If we can break through 843.5 and move dow with some volume we could get a bit of a sell off. On the up side if we wrestle through our point of control we will be looking at a bit more consolidation. I doubt we will make it to the previous swing high and up to 875.
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