S&P 500 day trading course open gaps and targets.
S&P 500 Daily Trading Course – NY Close
S&P 500 Daily Trading Course - 5 Minute Chart
After some bad news on consumer retail sales at 8:30 AM market time, the market went down sharply, as you can see on the accompanying chart.
After that, with some better consumer sentiment news at 9:55 AM, the Bulls were in charge of the market for the rest of the day, as the S&P 500 just barely went below the price level at the official opening bell for a very brief time and finished up about 15 Points for the day.
This information today, and from now on, is on the new September emini futures contract (ES 09-10), as the old June contract (ES 06-10) is soon to expire.
The market opened today at 1072.50 and closed at 1087.00.
The range was from a high of 1088.25 to a low of 1071.75.
The open gaps from yesterday’s close on both contracts were filled today, but we still have an open and unfilled gap from Wednesday’s close at 1056.25 to the downside.
And there are still three recent open gaps at 1156.25, 1112.75, and 1102.50 to the upside, as well as some old gaps to the downside from July, 2009 that were never filled, at 972.25 and 902.00.
Good luck, have a great weekend, and always trade only what you see.
S&P 500 Daily Trading Course – NY Close
S&P 500 Daily Trading Course - 5 Minute Chart
The Bulls were in charge of the market today, as the S&P 500 just barely went below the opening price level for a very brief time and finished up about 14 Points for the day.
The market opened at 1072.75 and closed at 1086.75.
The range was from a high of 1087.75 to a low of 1071.75.
There is now a new open and unfilled gap from yesterday’s close at 1056.25 to the downside.
And there are still three recent open gaps at 1156.25, 1112.75, and 1102.50, all to the upside, as well as some old gaps to the downside from July, 2009 that were never filled, at 972.25 and 902.00.
Good luck, and always trade only what you see.
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.
