Tuesday, February 16, 2016

Selling Major Resistance On The E-Mini S&P 500 Futures; SchoolOfTrade.com

Selling the major resistance area on a gorgeous 2S allowed us to pull in a nice and easy 81 ticks this morning!

In today's video we see the E-Mini S&P 500 Futures coming back to major S/R with immediate rejection forming from the sellers.

This gave us an opportunity to sell that rejection back lower for $1,012.50 on the trade back down!

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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. A move up like this is expected to see continuation and the movement through the highs continued to get weaker and weaker showing buyers failing and sellers taking over which gave us the signal to sell it right back down!

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