S&P500 day trading course levels of support and resistance.

S&P500 day trading course daily chart

As you can see we retraced back to  the yellow resistance line at 1160 that I have drawn in from the initial break down on 6th of May with our 200 MA as the target.

I am expecting this to consolidate in this area with 2-3 days of indecision in a tight range.

Support at 1142.25 then again at 1119.50

Open gap at 1109.75 to the down side.

On the upside we could see the test of previous highs at 1158.75-1161.75

Again we are seeing an up move on the daily with decreasing volume.

S&P500 day trading course mid term trading charts 30 min.

S&P500 day trading course 30 min

If we have a low volume day again we could watch the emini struggle its way up to close positive on the day.
The point of control for direction is 1147.75. once we are above here it will act as resistance. 1155 will be the next area during intraday trading acting as the ceiling and 1161.75 is the next area of resistance.

1170.75 is the extreme high trading area to watch if there is any kind of buyer volume commitment.