S&P500 day trading course pre market levels of support and resistance in the live day trading room for the S&P500 emini futures.

S&P500 day trading course 30 min chart pre market

We are in a short term bullish Channel with Resistance coming in around the 1095 Congestion Zone.  This resistance is the bottom of the zone to 1102.25.

If we can get above this we are clear to 1140 as our next major area of resistance.

Point of control is 1087.50 for direction on Monday.  S&P5oo emini is fully into the September contract as everyone rolled on Friday.

For support watch the 1080.50 area as this also was a major buy zone from 1077.50 to 1080.50.  I dont think we will see a squeeze of these position until later this week.

Remember this move is on slightly higher total volume than on Thursday but not enough to show commitment to get out of this long term bear market channel.

Looking for an extreme low of 1036.75 with areas of support at 1070 and 1062.25 as we come tot

S&P500 day trading course looking at intraday support levels on the emini futures.

S&P500 day trading course intraday support

Looking for a close around 1052 which is an area of support.  We stayed underneath 1062.50 which is the  Point of control for the emini S&P500 today.

My target for a high volume day is 1042.75with a low volume day around 1062.50.

It seems we are getting the lower highs which will keep us in this Bear trend.  The channel can extend into the 978 range.

Next level of suport is 1036.25 and 1029.25

Volatility is falling off as buyers disappear.  More sidelined money than has been seep in most brokerages with some large brokerages  to shut down physical offices around the country.

S&P500 day trading course NY close Today the buyers gained control.

S&P500 day trading course 5-28 daily chart

We had a very large move up from the open today at 1060 with a close above the 200MA

The close above the 200 MA is significant to this market at 1100 is the psychological point of control.  If we broke under 1000 the investors would not be enticed to enter the market.

At 1100 and above investors think there is opportunity and safety in buying into the market.

Point of control will be 1102.25, with a test to support and the 200MA.  The fist level of resistance will be 1110.25 with the next area aof resistance at 1119.25.

If we have a sell off into the close watch out for the last 30 minutes.  Remember Monday, the markets are closed, who wants to hold into the weekend?

Always manage your risk, trade with a stop and always take a profit.