S&P500 day trading course levels of support and resistance. Looking for support at 1102.75 and extreme high of 1125.
This could be the Lower high on the long term bullish trend. If the S&P500 emini breaks above the 1127 on an hourly chart we could retest previous swing high.
With yet another weak volume move up prices moved through the previous resistance high of 1112 and into the 1115 area. Prices closed trading for the day at 1114.00 after trading a consolidated 8.75 point range though the day. The lack of commitment on these moves up through resistance make it probable that they will retrace back down for another test on support. Where that will be depends on how high these prices float before market makers decide to sell off. Be careful, there is still more tight ranges and slow moves to come. 
Friday’s trading kept things in the consolidated range once again. Opening at 1102.75 and closing the day at the exact same price. Prices traded a range of 10.25 points through the day, but went nowhere over all.
Monday’s Trading could see prices retest the 1096 support, with 1092.75 and 1083.50 the next targets. If price does move through the resistance at 1112.00 we will be watching for a touch to 1119, with 1127 and 1132 the next area’s to watch for from there. 
