S&P500 day trading course London close and the direction for the day.

S&P500 day trading course 15 min chart

The major trend lines in this bearish channel give our direction for the day.  I see no volume commitment that will enable us to break through the support at 1142.50.  Check the daily chart below to see the areas of support.

Looking for a bounce to 1168.50 and if buyers are firmly in control a move to 1170 area.

If we get a volume increase I would look for some selling into the close with 1161.75 as the low.

Coming on the 200Ma furthering support at 1160-61 .

Tomorrow could be some fireworks as we are heading into the weekend.  Expecting to see another push up on the EURUSD that might bring our markets a touch higher.

S&P500 day trading course daily chart.

S&P500 day trading course daily chart

Resistance at 1175.  This is the level I put up three days ago.

The area between 1161.25 adn 1175 is where I am looking for this market to consolidate on the Daily chart.

The S&P500 emini futures contract has been moving up on these low volume days. if you look at yesterdays bullish close it was on declining volume.  After we have any sort of sell off, I am looking for lower volume commitments in the market place.

1142.25 is the next area of support with the 200 ema and 300ma converging adding major support at 1091-1095 area.  Looking for a test to this area next  week unless there is a sell off into tomorrows close.