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S&P500 day trading course Video
S&P500 day trading course levels of support and resistance. Looking for support at 1102.75 and extreme high of 1125.
This could be the Lower high on the long term bullish trend. If the S&P500 emini breaks above the 1127 on an hourly chart we could retest previous swing high.
S&P500 day trading course dec 17 support and resistance
S&P500 day trading course Dec 17
S&P500 day trading course.
Seems the weak volume of the Christmas holidays is setting in as picking a direction in this uncommitted market.
Our range is narrowing and it looks like we will keep in this range until the new year.
Point of control is 1101.25 for direction. First area of resistance will be 1106.75 and high of 1111.25
Extreme low of 1081.
S&P 500 Day Trading Course Gap for Nov 24, 2009 Support and Resistance
Trading opened today at 1102.75, up 12.5 points from Friday’s close. Prices moved to the upside this morning trading to a high of 1111.50 by about 10am market time, from there prices turned and moved back down 10.25 points to a low of 1101.25 shortly before close. Prices then relaxed slightly to close the day at 1104.25, up 1.5 points from open and 14 points up from Friday’s 1090.25 gap.
Looking for a confirmation in direction over the next day or two. Market makers will have to decide on where to take the market from this point. On the daily we are looking at a decision between a head and shoulders formation and a continuation to the upside. Prices once again tested the 1112 area today and failed, leaving us watching for a sign of direction yet one more day. Prices could consolidate here with continued tight ranges for a day or two more before a decision is reached. Keep your eyes open, it’s all in the charts.
See you at the starting line!
S&P500 day trading Video
