S&P 500 day trading course

With an open of 1066.00 today we started with a gap down at 1064.25. The morning gave us most of the action today with a run down to the low of 1057.00, then back up to the daily high of 1069.50 all by about 11am market time. Afternoon trading gave us a bit of the chop, with 2, 3, and 4 point bars showing volatility while staying within the days 12.5 point range. The close today came in at 1062.25, down 2 points from yesterdays close.
For Wednesday on the upside we are looking at at possible touch to the 1068.50, with a break through that we could see the 1075 area of resistance with an extreme high around the 1088 level. To the down side if we move through the support at 1057.00 we could see a move down to 1050.25, then 1047.50, with an extreme low at 1036.25 in the next week.
Keep your head up and your trigger finger ready! See you at the starting line!

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S&P 500 day trading course.  Money Maker Edge day trading course is coming to Corona, California on November 4-6. Two days live training and one day live day trading.

Have you noticed that most investors have ended up being a victim of the markets? If you have ever been intrested in controlling your own finances and not leaving your investments in others hands, join us for a three day live training seminar in Toronto, where you will learn how to get back financial control of you r investments.

Our live training is a small group of  6-8 traders in the S&P 500 emini futures.

We will be covering:

• Business strategy –  easy to use template that we will help you with every quarter to stay on track takes less than 5 minutes.
• Money Maker Edge Trading Code, a group of trade rules to follow.  This is the base for every trading day.
• Money Maker Edge Trade Journal – Recording and quantifying results and keeping.  So you can rely on what you did versus what you think.

S&P 500 day trading Journal

S&P 500 Day Trading Journal

• Precise Entry points – learn where to get in.
• Price and Direction – see as the market maker sees.
• Trade Strategy that keeps your from taking the trades that cost.
• How to set daily, weekly and monthly targets so you trade less and make more.
• When to trade and when not to trade.  The exact times.
• Trading plan – to match your schedule.
• How to let the trades come to you.
• Trading with targets and how to manage risk.  The difference between an investor and a Money Maker.
• How to get your income, wealth and freedom trading.
• How to spot the highest probability trade and when to look for it.
• Mastering your strategy – learn to see how you trade and make your strategy to fit your trading type.
• How to be responsible for your trading and level of choice in the market.
• Money Maker Edge trade settings  - How would you like to know specific times to trade and not to trade.
• We will train you to understand and set your personal responsible trading practices.
• The working s of the market  and how to use these to your advantage versus being taken advantage of.
• The difference between direction and hope.

How to enter the trade and minimize risk so you don’t throw your money away.

We are including a trade journal, the trade manual with the Money Maker Edge methodology, and membership to our trade room where you trade live with other profitable traders.

You don’t have to trade alone. The Money Maker Edge S&P 500 live room’s participants normally trade for an hour to an hour an half during the market.   This room is open to anyone that has had the S&P 500 day trading course and most  reach their daily goal in under and hour.  This trading room helps re enforce the trading methods we use and makes it easier for the beginning trader to see the trades and make better choices. This is open to all traders that have completed our course.

BONUS: On the second evening we will be training you in The Financial Wall(TM) - breaking through to financial freedom. This activity has empowered many to break free from their restrictive money games.  For many, it is the first time they will be able to choose how to play their money game.

If you have any questions or For more information call Joel at 866-640-3737

S&P 500 day trading course for S&P 500 emini futures. Online and live trainings with a live trading room giving day traders a system and support. Trading with a group of profitable traders. Emini futures course focuses on trade mastery and practice

S&P 500 day trading course levels on daily and weekly chart.

Trading opened today at 1082.25, up 13.5 points from yesterday’s 1069.75 close. We traded down the early part of the day to our low of 1077.75 by about 10:30am market time, then started with higher lows for the rest of the day. The high came in at 1089.75 around 3:30 then relaxed a little to close trading at 1088.75, up 20 points from yesterday’s close. Day time trading gave us a range today of 12 points while the gap at 1069.75 was left open for today.

S&P 500 day trading course, levels of support and resistance. Live trading room with Joel Wissing.

Extreme high 1027.75
Extreme low of 973.75

Point of control 994

We slowed down to a crawl today with a very tight and range bound trading day. Volume dropped off to 1.9 million today after yesterdays 3 million plus. Hopefully the market will face the piper on some of the valuations in equities and get this cleaned out in the third quarter. September is known as the worst performing month on the indexes and it has basically started off with the kind of direction to propel the markets lower. Lots of support here, but for how long?

Join us in Montreal for a live training on October 3-5 with 1 day of live trading and 13 weeks of the live trading room.

Riskier assets continued to grind higher
during a week in which US earnings and economic data, along with solid European
auctions created a calm market environment. The US earnings season for
stocks recently began and of the 10 percent of companies that have reported,
more than 70% have exceeded expectations. Implied volatility also declined,
pushing the VIX volatility index below support.

The euro has improved over the past week as bond auction results have
been better than expected and economic data and news developments have been
subdued. However, despite the recent short-covering rally seen over
the past few weeks, the political uncertainty and periphery debt risk should
eventually weigh on the currency.  Next week, Portugal, Greece, Spain, Italy,
Germany and France will test the debt markets. While the ECB’s LTRO operations
have helped in part to stabilize funding market stress and immediate market
pressures, helping to mitigate sovereign risks, the recent string of EU auctions
are just the beginning of the funding season.  Indeed, the real test for markets
will come in later in the first quarter with Italy and Spain’s bond redemptions
totaling nearly 70 billion Euros.

Next week, the highlight of the US calendar is likely to be the FOMC
meeting on 1/25/2012.  The first meeting of 2012 will bring a shuffling
of the voting rights among the FOMC district president. This week’s FOMC meeting
is likely to bring forward a new communication strategy by the Federal Reserve.
In particular, policy makers are likely to make public member’s projections of
the appropriate policy rate in the years ahead to increase the Fed’s
transparency.

In the US, the economic highlight was the better than expected
jobless claims report.  Initial jobless claims fell by 50,000 to
352,000 in the week ended Jan. 14, according to the Labor Department. The
decline was the largest in a single week since Sept. 24, 2005.  Jobless claims
have now returned to levels seen before the US financial crisis. Economists had
forecast claims would fall by 19,000 to 380,000.

Initial jobless claims fell by 50,000 to 352,000 in the week ended
Jan. 14, according to the Labor Department. The decline was the largest
in a single week since Sept. 24, 2005.  Jobless claims have now returned to
levels seen before the US financial crisis.  Economists had forecast claims
would fall by 19,000 to 380,000.

Euro
short squeezes up

Technically, the Euro was able to rebound off of the recent lows near 1.26
and create a short squeeze up to 1.29.  Last week commitment of traders report,
showed a record short position in Euro futures which is bound to cause
additional short covering.  A break above horizontal trend line resistance near
1.3070 will likely lead to a quick test of the 1.32 range.

S&P likely to test 1325

The S&P 500 broke above resistance
levels near 1306, and is likely to continue to grind higher to test the 1325
resistance point.  Momentum indicators such as the MACD are pointing to higher
levels as the index moved above 1, for the first time in 6 months.
Additionally, the cross of the 50-day moving average of the 200-day moving
average should add upside momentum.

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Anyone trading in the market these days will have noticed one thing if nothing else.  The markets this last little have been pretty much like that of a roller coaster amusement ride.  For some people (Day Traders in particular) a lot of fun with large intra-day swings that can turn HUGE profits in short periods should you be on the right side, while others are scared to death (the average investor) fearing that any day now with these crazy moves they will watch yet another chunk of their portfolio disappear into the abyss.  The question is…  “Which are you?”    Are you getting the results that you want?  or are you running scared as every time it seems as though it could pick up and move in your favour, you seem to get get an unexpected turn against you?  If you are the second there is good news.  You can do something about it, and that is what I encourage you to do. Instead of watching from the sidelines or even worse watching your money disappear into the previously mentioned abyss.

That being said, let’s take a look at a chart of the S&P 500 to get an idea of what “could” happen over the next few days and possibly weeks.  Looking ar the daily chart we can see that since hitting the 1370 high in the last couple days of July, and the beginning of August when we hit the first low in the 1080.00 area we have been riding the previously roller coaster.  These ranges have traded sideways into a tightening range for 5 months now, forming a painfully large and long running pennant formation.  As we continue to see lower highs followed by higher lows our range continues to tighten as we wait for the unavoidable choice in direction to follow.

Day Trading Course

What direction you ask?  That is for an upcoming post, right now we will focus on getting you through the next few days and possibly weeks.  On the chart we can see that as of today’s close we are touching into a very important area of support.  That area is pretty much the point of control for this range we have been trading the last few months, the 1200-1210 area.  Should the support hold here, we will watch for the move back to 1220, and then 1250.  Should this 1200 area not provide the support needed to hold this market up, the next stop will be the 1185.00 area.  This will test again to find out if this 5 month trend will continue to hold or break out into direction. Should support hold, this pennant could continue to trade into the new year as things continue to drag on.  This could take anywhere from the next couple days until the end of next week to play out, then based on the move we get there we can then look at targeting the next.  Until then, Trade what you see.  I’ll see you at the starting line!

Day trading course will be in your area soon, join us for Day trading education.

day trader

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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Euro dropped sharply on concern of
contagion of debt crisis to Italy. Top rated bonds rallied as French
and German officials held talks on splitting the euro zone. Equity markets
dropped reflecting investor fears of economic slow down led by Europe.

German inflation figures released show a stable inflation at
2.9% last month. However the inflation rate is considered of second
importance compared to the possibility of a recession in Europe. The ECB last
week cut interest rates in an effort to boost growth with the risk of worsening
inflation in countries such as Germany.

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Day Trading Course, S&P 500 Top side consolidation turns to top side break out?

Yesterday’s trading took us to test the bottom of our pennant formation on the 1hr chart as price dipped to test the 1236.00 area.  Then with an afternoon reversal and push back up, price managed to close back at 1257.25.  Overnight trading saw price test to the 1250 area of support, then continue trading upwards to test into the 1267.50 area early this morning.

Break of the pennant with test to support

Day trading course teaches how to see direction in the market.

Today’s price could see the test to our latest area of support, with another move to continue this move.  Up side targets intra-day will include 1267.50, 1273.00, with 1280.50 and 1288.75 as extreme high side targets.  Low side trading could see price move back to test the 1257.50 or 1250.00 area’s, with 1247.00 as an extreme daily low.

From a daily perspective a break to the upside here could see trading move towards the resistive trend line of the previous few months move. 1300 anyone?

area's of resistance ahead

There are two key area’s of resistance that we are moving towards.  The first being 1285.00, this area is the first area of major resistance on the move up, only about 20 points from where we sit now.  The next is the 1312.00 area.  Here we will see if we are able to break through and change this bear to a bull.  This is still a little ways away, and only if the 1285.00 area doesn’t slow things down.   However, in the meantime it does appear that the buyers are taking control in the short term once again.  Trade what you see, I’ll see you at the starting line!

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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Day Trading Course, S&P moves into top side consolidation, learn how to trade stocks and futures.

Looking at the S&P charts we can see that we have moved into the top side area of this move now.  Price looks as though it will struggle between the 1250 and 1280 area for as much as a few days before finding the real direction.  Is the ralley over?  Will things turn and crash back into the low 1100′s?  Or will the rally regroup and continue into the Christmas season?  Hard to say.  Everybody out there has there opinion and fine reasons to support it.

Day trading course looks at price and direction, the support and resistance to the direction of the market.

I am looking at intraday today and see on a 1hr chart that this is turning into pennant trading formation.  We are trading a tightening range and waiting for the break out.  Area of consolidation today is between 1240 and 1257.  With a break through resistance we can look for the longer term upside targets of 1260.00, 1267.50, 1273.50, and 1282.00.  Low side movement could look for the 1232.50, 1227.50, and 1215.00 as targets.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

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