Day trading course – retraction

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

Retraction with a downward move to form a bearish channel to test support at 1183. On upward with buyer pressure to test resistance at top trendline of the bearish trend. Now indecision between 1186.75 and 1188.75. If resistance at 1188.75 breaks through next target is at top trendline. Next target is 1192.75. The next target would be resistance at the former support trendline to 1203.

If sellers come in and break through support at 1186.75, next target 1183 and on down to bottom trendline. If support gives way next target is 1179.

Trade What You See
The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading

course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a

profit out of the market.

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.