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

Day trading course l 866-640-3737 l Day trading education

The support at the bottom of the channel has become the new resistance level with a triple top to test the resistance. Price has been ranging from 1237 resistance to the lowest support at 1213.50. Now testing the resistance again with a pierce and retraction to a possiible price failure at 1233.75 target entry if confirmed. If buyers keep the rally going the next target is 1241. If resistance gives way at that level the next target  is going to be 1248. If the sellers come in to reverse the current trend the first target is 1230.25, the 2nd target 1226, next target area of support 1222, 1217 and onto 1213.50.

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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.