- S&P 500 Daily Trading Course – 5 Minute Chart
There was a fair amount of movement both up and down today, and the volume was pretty high at over 2.4 million contracts traded. The Bears were mostly in charge again today but the market only lost about 4 Points for the day. The market went down sharply on terrible existing home sales news at 10:00 market time, but the Bulls were able to recover and got the market back above where it was before that news, only to lose out slightly to the Bears in the end.
The market opened today at 1054.00 and closed at 1049.75.
The trading range for the day was from a low of 1044.00 to a high of 1058.25.
There is still an open and unfilled gap to the downside from about seven weeks ago now at 1023.00. All the other open gaps in the last three months+ are up, with the oldest one being at 1156.25. More recent gaps to the upside are at 1118.00 and 1093.50, with the most recent being from this last Monday at 1065.00.
Good luck, and always trade only what you see.
S&P 500 Daily Trading Course - 5 Minute Chart
There was a fair amount of movement both up and down today, and the volume was a little higher than it has been lately. The Bulls were able to manage a small 3 Point gain for the official trading day, but that is misleading since the market went down sharply right after the close, and dropped over 6 Points in about five minutes. Perhaps a harbinger of things to come tomorrow.
The market opened today at 1090.25 (which was the exact same price as yesterday’s close) and closed at 1093.50. But as mentioned, it was down under 1087.00 or so soon thereafter.
The trading range for the day was from a low of 1083.75 to a high of 1098.50. This high created a double top with yesterday’s high, so it seems that those Bulls are having trouble getting up to and over that psychological 1100 mark.
There is still an open and unfilled gap to the downside from over six weeks ago now at 1023.00, and also one from four weeks ago at 1064.75. There is also a more recent unfilled gap to the downside (from Monday) at 1077.25, and a recent unfilled gap from last week to the upside at 1118.00. Also, there is a quite old unfilled gap to the upside from over three months ago now, at 1156.25.
Good luck, and always trade only what you see.
S&P 500 Daily Trading Course - 5 Minute Chart
There was a fair amount of movement both up and down on this Friday the 13th, although it was verrrrry slow and sluggish movement for the most part. The Bulls were able to eke out a meager 1 Point gain for the day, on very low volume and in a very narrow 8 Point range.
The market opened today at 1077.00 and closed at 1078.00.
The trading range for the day was from a high 1084.25 to a low of 1076.25.
There is still an open and unfilled gap to the downside from over five weeks ago now at 1023.00, and also one to the downside from over three weeks ago at 1064.75. And now there are two new unfilled gaps from this week to the upside, at 1087.50 and 1118.00. Also, there is an old unfilled gap to the upside from exactly three months ago, at 1156.25.
Good luck, have a great weekend, and always trade only what you see.
