Day trading course – new resistance

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

There was a rebound to the upside with a subsequent drop to test and break through the support and end the day at 1116.75. There was a double bottom that formed and went up to test the former support which is now the new resistance area. If there is a break through at 1148.00 the next target is at 1164.75. If the resistance holds expect the sellers to come in to take the price down to the bottom of the present range at 1136.00 to test the support. The next target is 1117.00 and the outer target is 1098.00.

Trade What You See