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S&P500 day trading course daily chart live trading room
S&P500 day trading course We have a reversal bar on the daily from a 61% retracement on the previous swing low to high.
S&P500 day trading course Feb 1 daily
Watch for a reversal bar on completion or an unsupported price on the mid range for the day.
Doesn’t seem to have much as we go in to the afternoon session.
If this closes as a Doji, watch out tomorrow. Could see some volume and a strong sell.
This Ascending wedge pattern has produced a few nice retracements and new entries in the direction of the market, Entering first counter trend trade of the day as market is showing weakness.
S&P500 day trading course trading the wedge
Most scalpers in this low volume lunch hour will be switching to the 3min 5 min and using the 1 min for entries.
increased weakness on the S&P500 and a roll over here could take us through the previous lows.
Support at 81.25 on S&P500 emini, This is the the Point of control. We get under here and we can retest the bottom, and maybe fill the open gap at 69.
S&P 500 day trading course live room Jan 25
S&P500 day trading course Jan 25 Daily chart with areas of support and resistance.
S&P500 day trading course Jan 25 daily
Swing low of Nov. is around 1022 to the high 1150. The 50% re tracement, around 1085 has been touched. Either we will have a stall and a retracement to 1117 area or a move through with larger commitment to 1070.
At this point we would be looking for an ambush.
Remember commitment is the key here with a large volume push to give us a commitment. Watch on 5- to 15 min charts for the doji or real price being contained in a trend, this could be the reversal point or a sign of continuation.
Come join us in Seattle, Wa Feb 20-22.
Day Trading S&P500 Jan 4 S&P500 day trading course
S&P500 day trading course looking at support and resistance in the S&P500 live day trading room.
Looking at support here in a consolidated range.
A lot of the major moves are being made in after hours trading with London open and Japan closing.
I have also commented on the unhoooking of the EURUSD and the S&P500 and looking for the sling shot effect to move to the next trading range.
This means we could be in a consolidated range between support at 1106.50 and the extreeme high of 1128.50 until we get some added volitility in currency.
