S&P500 day trading course
A quick trade I took in the late part of the day Feb 18. Was good for $275.00 in less than 30 min using only $1500.00 and leverage while only risking $112.50, that’s over 18% on money used and better than a 2:1 risk to reward. Join us for our next training in Toronto Canada March 26-28.
Learn how to trade any market using proper risk management and precise entries and exits using the Money Maker Edge methodology. We also include access to our live trading room so you never have to trade alone. Contact Drayton or Joel through the “contact us” link above for more information.
Last week we saw the S&P work its way up on light volume again. The ES didn’t see a single day hit even the 2M contract mark, and with this light volume we saw the usual slow grinding moves to the upside. The S&P 500 traded from the 1322.00 to the 1343.00 area this week giving it about a 21 point range for the week, rather small for a week of trading. We are coming to the top of our tightening bullish flag and will be looking for the next move in the next week or so. After a retracement on the last two weeks movement and a break through the 1345 area our next target area’s include 1365 and 1425.
We have now continued to trade into the tightening trend lines, with low volume and small ranges we will not see the break out without having someone step in to take this. Overnight trading is still seeing the toying with new highs, but nothing that is moving us out of the consolidated ranges. May today will change? Or will we have to wait until next week to see this come back to life?