S&P500 Daily Trading Course – NY Close

After overnight trading, the market opened this morning at 1101.25, very close to where it had closed the day before. The bears were definitely in charge today, because the market never got above 1101.50, and there were two very sharp and quick sell-offs, the second of which was about 10 points just before the close from 3:56 PM to 4:01 PM market time.

The range was 1101.50 to 1083.25, and the market closed at 1089.50.

There are still three recent open gaps at 1066.50 down and at 1112.75 and 1156.25 up.

Good luck, enjoy the 3-day holiday weekend, and always trade only what you see.

S&P500 Day Trading Course – NY Close

SP500 day trading course 5 min 5 26 chart 228x300 S&P500 Day Trading Course   NY Close

S&P500 day trading course 5 min chart

The market opened today at 1081.25. And after an early morning rise to the 1089 resistance level, the bears took over after that, particularly after the 2:00 reversal, and the market sold off for the rest of the day to close down at 1066.50.

At one point starting at 3:23 PM, the market dropped about 12 points in five minutes. I hope you were in on that short trade!  icon wink S&P500 Day Trading Course   NY Close
Today’s gap at 1072.50 was easily filled during the above-mentioned steep downward short.
The range for the day was from 1089.50 to 1063.25
Tomorrow should be interesting after seeing what happens in the overnight trading, and to see if the sell-off continues or if the bulls try to make a comeback.
There are two recent open gaps to the (far) upside at 1112.75 and 1156.25
Good luck, and always trade only what you see.
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