Day trading course – bearish

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

Close at 1117 went to low of 1077 and rebound to the top of the long term channel, touch and tested resistance and has gone back down to the middle of the channel to meet with indecision at this time. If the bearish sentiment continues the sellers will move prices to test the targets at 1117, 1100 and on down to 1077. If there is a rebound look for prices to test the resistance at the top of the channel , onto the next target at 1136.25 and then to the outer target at 1162.

Trade What You See