Thursday, September 29, 2016

Day Trading The E-Mini S&P 500 Futures Wedge Breakout; SchoolOfTrade.com



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Coming in today to find the E-Mini S&P 500 Futures rejection the massive monthly resistance area we spoke of in the newsletter @2167.00. This heavy rejection began a bear push lower into a wedge that had a breakout pullback setup.

The breakout here allowed sellers to drive the market lower initially but it was a bit early in the morning for me. We then had a pullback to retest with yet another huge bear rejection showing bears had a lot of emphasis on this area to push lower again!

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