S&P 500 Day Trading Course Gap For Jan 28, 2010 Support and Resistance
The S&P emini opened at 1087.25, up 1tick from Tuesday’s 1087.00 close. With the gap closed instantly prices floated around for the better part of the day working their way down to test support at 1081 a couple times. Around 2:30pm market time prices hit a low of 1078.50 but could not move through the support. Prices began a 17.75 point move to the upside, moving to a high of 1096.25 shortly before close. Trading closed the day at 1094.00 moving into another area of resistance.
Watching prices on Thursday for another test to 1100.00 area. If prices move through there then we could see the 1112.50 area as the next level of resistance. If market makers decide to move prices down we will be revisiting the 1080 level once again before we go anywhere. 
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