Day trading course – testing resistance
Day trading course testing resistance on the S&P500 emini futures as the market rallies on low volume.
Trading the S&P500 emini futures contract in the S&P500 day trading course live room.
There has been a bullish trend with a strong resistance level at 1263.50 to 1264.
If there is a retraction and the sellers come in, next support level is at 1261. If that support level breaks through the next level is 1259.50 onto 1258.25. The next support levels are 1257.25, 1255.50, the bottom trendline, 1254.25 then onto lower range of 1249.50.
If the buyers keep coming in, the pressure will keep driving price up to test the next level of resistance at 1268.50, 1279 and onto the outer target of 1283.75.
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We normally have a Montreal Day trading course, a Calgary Day trading course, and a New Smyrna Beach Day trading course.
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.
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