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