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Day Trading Course, S&P moves into top side consolidation
Day Trading Course, S&P moves into top side consolidation, learn how to trade stocks and futures.
Looking at the S&P charts we can see that we have moved into the top side area of this move now. Price looks as though it will struggle between the 1250 and 1280 area for as much as a few days before finding the real direction. Is the ralley over? Will things turn and crash back into the low 1100′s? Or will the rally regroup and continue into the Christmas season? Hard to say. Everybody out there has there opinion and fine reasons to support it.
Day trading course looks at price and direction, the support and resistance to the direction of the market.
I am looking at intraday today and see on a 1hr chart that this is turning into pennant trading formation. We are trading a tightening range and waiting for the break out. Area of consolidation today is between 1240 and 1257. With a break through resistance we can look for the longer term upside targets of 1260.00, 1267.50, 1273.50, and 1282.00. Low side movement could look for the 1232.50, 1227.50, and 1215.00 as targets.
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.
Day Trading Course, Greece ditches plans for referendum while ECB cuts rates
| Headlines from Greece are likely to dominate price action after the weekend. The political chaos in Greece continues despite an announcement Thursday evening by Prime Minister George Papandreou that he will call off the referendum if the opposition agrees to the bail-out package. The opposition party appears to have little interest in a government of national unity, preferring to position itself against Papanderou. The week began with a call from the PM that he would take the issue of remaining in the EU to the people and call a referendum, which created extreme volatility for capital markets throughout the week.Greek Headlines managed to Overshadow the ECB Rate CUTOn Friday night in Euro, Greece undertook a confidence vote. Papandreou won on a narrow margin. He is however expected to resign , opening the path for a change in government and early elections. Greece is expected to receive the 8 billion EUR of aid before it runs out of cash around December 15. However future political instability in Greece may hamper effective implementation of the austerity plan. In the US, the week experienced a plethora of Gold Gold prices broke to the upside moving above resistance near 1750, and
Challenging The Euro plunged early in the week, moving from above 1.40 to test the 1.36
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Day Trading Course, S&P 500 is it time to take a break?
Looking at the way the S&P along with some of its partners like the Eur/Usd and oil have run straight up the last few weeks. One has to wonder when this move will run out? Both the Eur/Usd and S&P 500 are opening on the supporting trend line today. Breaking of this support could be key in looking for the the place day traders will start a large 
retracement on this 210 point, 3 week move.
Day trading course day traders focus on Support and resistance in the price action.
Support on the S&P will be in the 1255.00 area today, while the Eur/Usd support is in around the 1.4000 level and Oil shows the 90.00 area as the place to start looking. From an S&P stand point we will be watching for the break through 1255.00, then downside targets we will be looking at should it continue include 1250.00, 1242.00, with 1230.00 and 1215.00 as extreme lows. If the support does not break, watch for consolidated trading in the 1250.00 – 1280.00 range until the next peice of news come out to give direction.
A Day trading course can shape the way you see the market, and get direction in your trade.
Does your day trading education include a system for mastery? Join us in as we look at direction and the projection of price in the market place. Our Day trading course is using the collaboration of the group to cut the time analyzing the market and getting better entries.
