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Day Trading Course – S&P 500 moves to test 1180, Are the Bears Done Yet?
After yesterday’s move down and test on the 1180 area of support, most are begging to wonder if this will be it? or if this is only the beginning. Well perhaps a bit if both is approprate. However for now I am only interested in what is to come for today and maybe the rest of the week.
Day Trading Course teaches how to read the market and understand key concepts in risk management, entries, and targeting efficiently.
As you can see in the chart below the move to the 1180 support has touched also to the Fibonacci 50% retracement line, a great place for a turn around. With price having moved back to the 1290′s and now testing the 1285 area going into the open, it could be anybody’s day today including slow and consolidated as trader may be indecision after this 100 point move down. If price moves up and off of the 1185 area on the 4 hr chart this will give us a higher low, which in turn could give us a higher high to look for. Key area’s we will watch for should we get the turn and signal will be the 1296.00 and the 1206.50 area’s. From there the longer term upside targets will be the 1215.00 and 1220.00 area’s.
Day Trading Course teaches methods for successful trading in even the most volatile markets. Come and join us for our next live event in a city near you.
If we see price break through lows once again, then on we could go to test into the 1260, and even the 1240 area over coming days. As more comes from Eurozone news as well as the US, this market has certainly seen a lot of emotion in recent months. One thing is certain about this market…. The roller coaster ride is not over yet.
Day Trading Course, S&P moves back to open at resistance
S&P 500 trades back to test 1225.00 and is opening at resistace
It looks like the S&P 500 will be opening back up at resistance this am. Overnight traded back to the 1230.00 area and is now testing in the 1222.00 area going into the open. Today trading could see movement testing back to the low side with 1222.00, 1215.00, and 1208.00 the area’s to watch for. A higher low on a 1 – 4hr chart could help give us confirmation on a bottom here (For now). Should the previous lows from yesterday be broken I would watch things move into the 1100′s, and most likely test to the 1180′s.
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.
Should the retracement continue on this last couple days move down, we will be watching the 1230.00, 1236.50, and 1240.00 area’s of resistance.
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.
Day Trading Course, S&P 500 tests key support in after hours trading.
Day trading course – S&P 500 tests key support in after hours trading.
The S&P 500 saw a 25 point run down yesterday as traders spent the last few hours of the day selling the S&P all the way down to the 1230.00 area by the closing bell. Overnight saw prices move and retrace to the 1241.00 area before continuing to touch into the key 1222.00 area of support. Looking at the daily chart we can see that this area is key area of support to the market right now.
Day Trading Course focuses on key support and resistnace levels and teaches how to see the direction in the market to make profits
After breaking the 1240.00 area yesterday, we have the 1220-22 area where we have tested at least 5 times now in the last month of trading. Should today’s trading break the support in at 1220.00 then we will target 1208.75, 1200.00, 1196.50 and 1180.00 as the next area’s to watch for. Should the 1220 support hold, some retracement targets will be 1236.00, 1240.00, 1248.25, with 1252.25 as a high.
Day Trading Course teaches exact entries and exits to make the most profits with the least risk. Come and join us for our next training!
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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.
