S&P500 day trading course price action
S&P500 day trading course price action on a daily chart. We have been testing the S&P500 emini futures ceiling around 1186 and probably will be consolidating in this area for the close into the weekend.
S&P500 day trading course price action on a daily chart. We have been testing the S&P500 emini futures ceiling around 1186 and probably will be consolidating in this area for the close into the weekend.
Watch for short term support at 1140-41 as the sellers push against the buyers exhaustion on the move up. If by 2:00 the sellers haven’t moved through to 1137.25 or lower watch for consolidation into the close. If the buyers have made another push during lunch to give us a new short term high watch for the attempt to 1156.25.
Looking for the approach on the resistant trend line after filling the gap. From there a move to 1132.50 then 1137.50 and an extreme high at 1156.25 if we take out the previous swing high at 1144.25.
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