Day Trading Course, S&P 500 PreMarket Price Action
After Yesterday’s 1326.00 close the Emini traded up through the overnight to another new high. Price traded to 1332.75 where it met resistance and failed to continue. With light volume so far this week, we are continuing to trade into this consolidated area between 1325 and 1335. Continue to wait for the move, my targets remain as I stated in my previous posts. If we break up 1345, 1365 high side over the next week or two, a test down could see 1324.00,1316.25, 1306.75 and 1300.00 depending on the commitment of the move.
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