Day Trading Course, S&P 500 Daily Price Action

Day Trading Course, S&P 500 Daily Price Action

Day Trading Course, S&P 500 Daily Price Action

Friday’s volume had dissipated again from Thursday taking price from the touch on the 1350 area, down to the 1332.00 support and closed at 1337.00 for the week.  With Friday trading back somewhat from Thursday’s 1325.25 extreme low, we are beginning to wonder if the bottom of this move has been reached?  Perhaps it has, but I won’t be surprised to see another attempt at the bottom, Friday’s failed attempt at getting price back on track has given sellers a chance at putting price back down before this market can run.  1332.75, 1327.75, 1325 are the area’s to watch for on the downside, While a resurgence of buyers could see price move to touch 1338.75, 1344.75, with 1351.00 and 1355.00 as extreme highs.


 

Share the Post

About the Author

Day Trader Money Maker Edge Managed Fund. Trading Currencies, gold, oil, ETF’s and futures.

Manage Subscriptions

[newsmanagement]

Login