Day trading course – Consolidation
- Day trading course l 866-640-3737 l Day trading education
Trading the S&P500 emini futures contract in the S&P500 day trading course live room.
Ranging between resistance at 1309.50 and support at 1305.25. Consolidation through a bearish trend, if buyers come in and resistance is broken through, next test level in the 1315 area . Possibility of price breaking through top of longer range and going up to test the outer target at 1331.25.
If sellers continue the trend and price sinks past support of 1304.25, the next target is at 1300.50 , and then onto support at bottom of the channel. 1293.25 is the outlying target if sellers continue to dominate.
Watch for the sell off. There is a big chance for seller pressure today and remember, trading is risky, don’t trade unless you have experience, even then, you could loose your account or more.
Trade What You See and always use a stop.
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