Learn how to day trade S&P 500 emini futures day trading education coach showing, live day trading room, Forex, Gold, Oil Market as we see it. Trends, Money makers and market makers. See at as traders that make money. ES and the Eminis. Intraday Charts and Articles by emini futures day trading coach Joel Wissing.
[/caption] Volume is low, low, low so the market is rallying. Each day we have had this piddling amount of volume the market makes a new high. All green, 3 market days in a row. So we should see tomorrow a test of support and then a break to new highs on the same low volume. watching for 1118.75-19.75 . Looking for this to move up over the next few weeks to 1056.25 area before we put in the next leg down. 
[/caption] The area between 1083.75 and 1103.25 is where Market makers are either in distribution or accumulation at these levels as mentioned previously. Remember the performance of the market and the performance in the economy is not linked, it is "unhooked" presently and there fore am watching for market makers to take advantage of investors in the near term. If we see a break to the topside resistance is at 1119.75 then an extreme high of 1129.75. If this resistance is broken watch for the longer term targets of 1145 and 1169. On the support side we will be watching as traders are looking for commitment in direction and breaking through the 1080.50 Point of Control. Expecting the range to be to 1066 and bounce around here unless there is a large sell off. I think this will occur off a head fake into previously mentioned resistance. Looking for a intermediate term double bottom at an extreme low of 1001.75. If the market stalls here then we will have a consolidation zone which coincides with longer term charts. 
[/caption] Looking at the bit of support here at 1062.75 and 1055.50 . The next level is 1036.75. We are in a Bearish channel to the resistance around 1083.50 close to the 200 ema, which as mentioned before is the heads up line to congestion to the 200ma. Market makers could play this to the continuation of this channel. We will be able to tell as the stress test plays out and if there is another low volume rally. July and August usually has lower volume and most execs are off for the summer. The stress test could make it busy if the general public understands that their health will be a sign of more and more money flowing into their pockets and out of investors (watch out pension funds) 
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