S&P 500 day trading course open gaps and targets.
Day trading course sellers are in control.
Sellers are in control today, learn how to trade this volatile market with our day trading course in the S&P500 emini futures.
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Point of control is 1297 on the S&P500 emini futures. The sellers are in control today as we are testing support. 1287-92 is a huge support zone where we could see some consolidation. If sellers are committed enough and break through this area, the next level of support is 1277.
Day Trading Course, S&P Rises on ADP Employment Change
The S&P 500 rose almost 10 points this morning on the pre-markets news release of ADP employment change. Numbers came in at a better than expected 157K instead of the 60K that the market had expected. Buyers quickly stepped on and took price from the 1340.00 area of resistance to trade as high as 1349.75, before retracing back down to the 1347.00 area. With this move through resistance in the 1340.00 area we now have targets set to watch the move as it could continue to push the previous swing high. 1350.00, 1356.25, 1362.25, and 1369.00 will be the next targets to watch for on the upside
Day Trading Course, S&P 500 Weekly Chart and Targets
Support has done a good job holding above the 1255 area the last few weeks. Since my last post we have hit my two upside targets as I said to watch for if the support held in the 1260 area, 1275.00 and 1290.50 with price coming back to test the 1260′s again and closing today’s trading back in the 1276 area of resistance. For the most part we are still looking at the same market we were looking at a couple weeks ago, it has just traded inside a 30 or so point range the last few weeks. The targets and levels remain the same for now, we must wait to see what the market will tell us as far as what direction to take. Area’s of upside resistance this week include, 1275.00, 1290.50, and 1300.00, and 1332.50. While the support levels remain at 1262.00, 1255.00, 1240 and 1227.50
