S&P 500 day trading course March 19 240 min chart
Looks like this are will be tough to break through.
Expecting price to bounce off of 801 and then break down either to gain momentum to break through or to loose the direction and consolidate.
Looks like this are will be tough to break through.
Expecting price to bounce off of 801 and then break down either to gain momentum to break through or to loose the direction and consolidate.
This weak rally continues up. We are headed into a congestion zone where we can meet quite a bit of resistance.
The S&P 500 emini futures are still being held between the two points of control for the intraday trading charts. We are looking for a bit more volume to take us out of the narrow range trading channel.
Unemployment news will be out at 8:30 and at 10:00 we have industrial orders. It seems we are in a mid term rally that is stalling out. I was looking for highs around 765 but it seems that the resistance (Ceiling) is close to being set.
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