S&P500 day trading course NY close
S&P500 day trading course NY close Today the buyers gained control.
S&P500 day trading course 5-28 daily chart
We had a very large move up from the open today at 1060 with a close above the 200MA
The close above the 200 MA is significant to this market at 1100 is the psychological point of control. If we broke under 1000 the investors would not be enticed to enter the market.
At 1100 and above investors think there is opportunity and safety in buying into the market.
Point of control will be 1102.25, with a test to support and the 200MA. The fist level of resistance will be 1110.25 with the next area aof resistance at 1119.25.
If we have a sell off into the close watch out for the last 30 minutes. Remember Monday, the markets are closed, who wants to hold into the weekend?
Always manage your risk, trade with a stop and always take a profit.
Leave a Reply
You must be logged in to post a comment.
