S&P500 day trading course daily chart 7-8 areas of support and resistance.

S&P500 day trading course daily chart support and resistance

The S&P500 emini futures rallied up to 1059 with practically a 50 point range including after hours. This rally came on 2.6 million contracts. This is very light reversal on the previous 7 day down trend. If this breaks above 1080, it will be quite remarkable and we could see some more resistance to the 200ma at 1100, as signified by the solid red line.

A retracement to 1036 would keep this down trend in tact. Looking for support at 1036 then 1029.