S&P500 emini futures
S&P500 day trading course intraday support
S&P500 day trading course looking at intraday support levels on the emini futures.
S&P500 day trading course intraday support
Looking for a close around 1052 which is an area of support. We stayed underneath 1062.50 which is the Point of control for the emini S&P500 today.
My target for a high volume day is 1042.75with a low volume day around 1062.50.
It seems we are getting the lower highs which will keep us in this Bear trend. The channel can extend into the 978 range.
Next level of suport is 1036.25 and 1029.25
Volatility is falling off as buyers disappear. More sidelined money than has been seep in most brokerages with some large brokerages to shut down physical offices around the country.
S&P 500 Daily Trading Course – NY Close
S&P 500 Daily Trading Course - 5 Minute Chart
The Bulls and Bears fought for control of the market today, and the result was a virtual doji on the day. The market opened at 1101.25 and closed at 1102.50.
The range was from 1105.25 to 1090.75, but much of the day was in a narrower range around the 200 ma and the psychological 1100 level.
There are still three recent open gaps at 1156.25, 1112.75, and 1066.50.
Good luck 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 market opened today at 1078.00 and went up pretty steadily from there to fill the gap from Friday’s close and to a high for the day of 1094.50.
Late in the session, the market sold off to close at 1070.25.
The range for the day was from 1094.5o to 1068.50, or 26 points.
There are still three recent open gaps at 1156.25, 1112.75, and 1066.50.
Good luck, and always trade only what you see.
