The bearish channel is holding. S&P500 emini future day trading course looking at the price action and areas of support and resistance. The bearish Channel resistance was tested at 1347.50 with a head fake leading into reversal to cross the point of control at 1337.25 Our first support was the 200MA in red which quickly…
Day trading course S&P500 bear channel holds. The S&P500 emini futures price action as the buyers tested the resistance on the bearish channel. It turned out to be a head fake as sellers moved in to control the am session. Point of control is 1342 with sellers taking control in the AM session. we have…
Day trading course The S&P500 finally got its turn around with support at 1303.50 . Price reversed and returned to the 200MA (red) and settled in a consolidated trade range between 1315-1324.
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