SP 500 Daily Update
The SP 500 Emini finally traded above the 1096 resistance area on Friday. First test down (short term charts) should find support.
There are resistance areas above to keep an eye on 1107 - 1112. There are some sell patterns forming into these areas, but traders want to watch for any long bars into these areas before initiating and sell trades.
We will be watching for small resistance patterns to form into these areas in our Live Trades Forum before entering a trade.
Conversely, we will watch for small time frame buy patterns to form on first tests down to the 1094 - 1096 support areas.
Have a great trading day!
Leslie
www.tradingliveonline.com


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