wedge
S&P500 day trading course daily chart live trading room
S&P500 day trading course We have a reversal bar on the daily from a 61% retracement on the previous swing low to high.
S&P500 day trading course Feb 1 daily
Watch for a reversal bar on completion or an unsupported price on the mid range for the day.
Doesn’t seem to have much as we go in to the afternoon session.
If this closes as a Doji, watch out tomorrow. Could see some volume and a strong sell.
This Ascending wedge pattern has produced a few nice retracements and new entries in the direction of the market, Entering first counter trend trade of the day as market is showing weakness.
S&P500 day trading course trading the wedge
Most scalpers in this low volume lunch hour will be switching to the 3min 5 min and using the 1 min for entries.
increased weakness on the S&P500 and a roll over here could take us through the previous lows.
Support at 81.25 on S&P500 emini, This is the the Point of control. We get under here and we can retest the bottom, and maybe fill the open gap at 69.
