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S&P500 day trading course NY close
S&P500 day trading course daily chart with support and resistance.
S&P500 day trading course daily chart ny close
we got close to breaking under the 1100 mark. This is psychological support. If the market breaks below these levels, the investor might percieve that these are dangerous waters and their could be a volume drop on selling and investors moving out of the market.
I am watching 1094.50 for the first level of support, then 1079.75.
If we break to the upside in the over night we could see a test of today’s high around 1123.25. If this resistance doesnot hold a move to 1132.25 is where the next level of resistance would come in.
The Euro is getting some support Via a sell off of the Swiss currency by the Swiss Central Bank. It looks like the European Central Bank could be also giving a bit of support to the market too.
Watch out for volatility near the key support. The sellers will have to be committed to get it through here.
We closed lower today and as usual we can see the volume increase. Volume increases and the market moves down. Check the chart.
Trade what you see.
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
S&P 500 day trading course Daily chart Nov 2. live room
S&P 500 day trading course Major support and resistance.
S&P 500 day trading course daily chart pre market
Major support at 1010
Resistance at 1043
Watch for a bit of consolidation in the afternoon after we test the 1043 resistance.
Huge psychological support coming in at the 1000 mark, watch for the invisible hand.
We will have a S&P 500 day trading course and training this week in Corona, Ca.
