S&P500 emini futures daily chart with levels of support and resistance in the live day trading room.
S&P500 day trading course daily chart
Looking for a test ofthe previous swing low at 1052.
If price breaks through here in the after hours we are looking for first area of support at 1048.25 then 1032.25.
Below the 1032 area I have the extreme low at 1019.25.
Could be lower if we have a sell off. Then I would be looking at the breakers for 963 area.
Watch out for Europe and news coming in around London closing.
S&P500 day trading course High volume into the weekend doesn’t show any type of capitulation, looking at the industry vs. retail and support and resistance. We will be in Seattle for a three day course, join us.
S&P 500 day trading course Oct 29 day trading video
S&P 500 day trading course looking for a bit of consolidation. Possible of a break down here with more sellers entering the market.
Notice the sell side volume increases.
S&P Emini 500 Futures opened with a 2.50 point gap down this morning. The gap filled with a pierce through that level during the 9:50 a.m. 5 minute candlestick, but that proved to be the high for the day at 1060.25. From there, prices plunged on above average volume. There were a couple of brief retracement periods during the day, but for the most part, price action was steadily lower. Prices closed at the low end of today’s trading at 1039.75. Volume was heavy at 2.8 million contracts traded. The day’s range was over 20 points deep, the average true range is 18.38 points. This marks the fourth day of lower highs and lower lows on greater than average volume.
