S&P500 day trading course
Santelli punishes Liesman S&P500 day trading course
I rarely enjoy CNBC but Santelli basically sends a clueless Steve Liesman home with his tail between his legs on the roll of the Fed and the value of the dollar.
S&P 500 Day Trading Course Gap for Nov 3, 2009 Support and Resistance
Trading opened for the week this morning at 1036.50, up 5 points from Friday’s 1031.50 closed. Trading took a run up this morning to our high of 1049.50 shortly before 11am market time, tested the resistance then turned and moved back down. Prices traded down 23.5 points to a low of 1026.00 by about 1pm where they met support, then tested again around 2pm. Trading closed the day at 1031.50, down only 4 points from open and the same close as Friday.
Possible retest in the 1047.50-1050.00 area tomorrow, with 1063.00 as the next stop and an extreme high at 1068.00. To the low side we could see prices move to 1020.75, then 1012.50.
S&P 500 Day Trading Course Gap for Nov 2, 2009 Support and Resistance
Trading opened Friday at 1057.25 down 4.25 points from Thursdays 1061.50 close. Trading took us to a high of 1061.75 within the first 15 min, just high enough to close the gap, then turned to fall for the rest of the day. Prices traded down 32.25 to an intraday low of 1029.50 shortly after 3pm market time. Prices relaxed slightly to close the day at 1031.50, down exactly 30 points from yesterday’s close.
For Monday on the upside we could see a touch back up to the 1057.75 area with stops at the 1040.00, and 1047.25 areas of resistance along the way, with an extreme high around 1068.00. On the short side if prices move through the 1029.00 level of support we could see prices move to the 1020.00 area, then a possible retest of the 1010.50 level of support from back in August. 
