Day trading S&P 500 emini futures.   We are looking at supporting trend line and the the possibility of making new short term highs.  Alot of resistance coming in around 775-80.  If we make it that high.

On a weekly chart we can see how this quick rally with declining volume is setting up for a two to three week area of consolidation.  If we continue with this low commitment movement we are an easy set up for a series of shorts.  Looking for the quick rallies in this downtrending channel and a further continuation of the primary trend.