S&P500 day trading course
Day Trading Course, S&P continues to climb
Day trading course the S&P500 continues to climb – learn how to day trade.
S&P continues to move higher after testing support in the 1190′s. The buyers took control back after the sellers moved prices back below the 1200 mark to test the key support at 1190 on this move up from the 1o70 double bottom we witnessed a couple weeks ago. This week could see price move to test to the 1250 area of resistance before stopping to take a break on the way. 1250 has been am area we have been watching for for a few weeks now and with price moving in on the area we expect to see resistance move in to slow things on the move there.
Should price move straight through the resistance at 1250 we could see the buyers move to take price on to 1255 and then the 1270 level would be the next area to watch for from there.
Should this move run out of steam and need a retracement, 1224.50, 1209, and 1200 will be the key area’s to watch for support.
Join us for a day trading course where we work together to find these critical areas of support and resistance.
Day Trading Course, S&P 500 tests back below 1200
With Friday’s trading taking one last attempt at continuing on, trading has taken a turn back to the downside today. Overnight trading saw prices as high as 1229.00 before turning and beginning their decent into today’s open. Traders then pushed price down to close the days trading in the 1194.50 area of support. With this reversal forming we can look at the possibility of a retracement down into the 1165.00-1170.00 area before looking to take our next long position, so long as support at the 1194.50 area doesn’t hold. With nothing really certain at this point, and nothing really happening on the global economic situations, everyone seems to hurrying up to wait as leaders discuss more options on fixing the unfixable.
The only thing that does seems certain at this point is that there is more volatility in the future as things continue to find direction in this 100 point sideways channel we have been trading since August. Trade what you see, I’ll see you at the starting line!
Day Trading Course, Does S&P have the gas to continue?
The S&P has traded up about 150 points now from the low, and almost straight up the whole time. Things seem like they will really need a big push if they are to keep the direction the next few days. Yesterday we had a taste of a retracement, but afternoon trading took it back yesterday closing the trading day at the 1198 level. 
If price does push through the 1215.00 area of resistance, we could see price head to the 1224.50 area as the next target area. 1240.00 and 1255.00 will be the next major up side targets after the 1224.50 area is reached.
Should price fail at the 1215.00 area, we could see a start of a retracement into the next couple days. Price targets on the low side include 1200.00, 1285.00 with 1150.00 and 1115.00 as longer term low side targets.
