S&P500 day trading course Dec 17
S&P500 day trading course.
Seems the weak volume of the Christmas holidays is setting in as picking a direction in this uncommitted market.
Our range is narrowing and it looks like we will keep in this range until the new year.
Point of control is 1101.25 for direction. First area of resistance will be 1106.75 and high of 1111.25
Extreme low of 1081.
Another consolidated day in trading today as prices opened at 1105.00, down 4 points through the overnight. With a very slow start prices began trading up 4.5 points to the high of 1109.50, then worked thier way down to a low of 1100.25 where prices met support and turned back up. Close was m1104.00, down 5 points from yesterdays close. The gap was filled at 1109.00 while the day’s range came in at 9.25 points.
An increase in seller volume brought prices back to the 1100 level today, watch for volume invreses on Wed to decide on direction for the rest of the week. If we break through support at 1100 we will be heading for 1085 again with possible stops at 1094, and 1088 along the way. If the sellers don’t step up we will be stuck in this range btween 1100 and 1113 until somebody make a move. 
Another consolidated day in trading today as prices opened at 1105.00, down 4 points through the overnight. With a very slow start prices began trading up 4.5 points to the high of 1109.50, then worked thier way down to a low of 1100.25 where prices met support and turned back up. Close was m1104.00, down 5 points from yesterdays close. The gap was filled at 1109.00 while the day’s range came in at 9.25 points.
An increase in seller volume brought prices back to the 1100 level today, watch for volume invreses on Wed to decide on direction for the rest of the week. If we break through support at 1100 we will be heading for 1085 again with possible stops at 1094, and 1088 along the way. If the sellers don’t step up we will be stuck in this range btween 1100 and 1113 until somebody make a move.
