Day trading course – break of support

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

After a bullish run a price failure with a pierce and breakthrough of support resulted in testing support at 1293. With a failure of support at that level a strong bearish move to present consolidation in the 1288.50 range.

If buyers pressure keeps coming 1st target to test support is 1286, next target is 1284.25 on down to 1283,1281.25 to 1280.

If buyers decide to come in if support levels prove strong at 1287.50, 1st target of resistance to test is 1290.75. Next targets of resistance are 1293, 1295, 1298 and outer target at lower trendline of previous channel at 1301.75.

Trade What You See