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 is being tested…
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 downside at the…
Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After the rally on 7/18 there has been an extended range with a double top at the resistance level around 1375.75. Possibly at this time a right shoulder forming as part of a head and shoulders formation. We shall see. If…
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