S&P500 day trading course learn how to trade
S&P 500 Day Trading Course, PreMarket Price Action
With a pick up in volume during yesterday’s trading, price moved down to test on the 1275 area of support in the afternoon session yesterday. Price then closed the day back at 1278.75, leaving us very little for a gap this morning. Watching for the possibility of the retracement today, the upside targets include 1280.25, and 1284.50. Extreme high in the 1295.00 area with commitment and a break out. With price failure in the 1280.25 or 1284.50 areas we could see another push in sellers volume come in. If that happens we could see the 1277-1273 area consolidate with support there, but if we break the 1273 area we can move to retest the 1269.00 area with 1266.75 and 1262.00 to follow. Watch the volume, this will be key on who will take the market the rest of this week. See you at the starting line!
S&P 500 Daily Trading Course
S&P 500 Daily Trading Course - 5 Minute Chart
The Bears were mostly in charge today and the market was down about 8 Points for the day, although the total trading range was much higher.
The market opened today at 1031.00 and closed at 1023.00.
The trading range for the day was from a high of 1038.50 to a low of 1013.50.
There is a recent open and unfilled gap from a couple of weeks ago now at 1087.00, and one from last Monday at 1070.50, both to the upside. There is also an open gap at 1156.25 to the (far) upside from about 2 months ago. And there are also some old, unfilled gaps from last summer (2009) at 972.25 and 902.00, that we are starting to get mighty close to.
Good luck, and always trade only what you see.
S&P500 day trading course pre market
S&P500 day trading course pre market levels of support and resistance in the live day trading room for the S&P500 emini futures.
S&P500 day trading course 30 min chart pre market
We are in a short term bullish Channel with Resistance coming in around the 1095 Congestion Zone. This resistance is the bottom of the zone to 1102.25.
If we can get above this we are clear to 1140 as our next major area of resistance.
Point of control is 1087.50 for direction on Monday. S&P5oo emini is fully into the September contract as everyone rolled on Friday.
For support watch the 1080.50 area as this also was a major buy zone from 1077.50 to 1080.50. I dont think we will see a squeeze of these position until later this week.
Remember this move is on slightly higher total volume than on Thursday but not enough to show commitment to get out of this long term bear market channel.
Looking for an extreme low of 1036.75 with areas of support at 1070 and 1062.25 as we come tot
