Learn how to day trade the S&P500 emini futures, Day trading course in Montreal July 9-11. Looking at the break of the short term bearish channel on the S&&P500 emini futures.

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The point of control is 1279.50 with resistance at 1287.50. Buyers are in control from pre market NY open from 8:30 am. If we can close above this resistance at 1287.50 we could test up to the 1297 area and the next area of resistance.

Seems like there was a lot of support at 1257-60 so this will be the area to watch if we test down again.  If we break under there the next area of support could be around the 1235 area and from there we are looking for 1165.

Trade what you see, always use a stop and do your own work.  I put these areas of support and resistance up for my group and enjoy hearing from those of you that are using them in your own work.  Remember to always do your own analysis and never rely on some one else’s work.  Trading is your own responsibility.  We will be having a day trading course in Montreal July 9-11.  Join us and become part of our trading community.