S&P 500 Daily Trading Course – NY Close
S&P 500 Daily Trading Course - 5 Minute Chart
After some initial posturing and indecision, the Bulls took charge of the market early on today, but then the Bears were mostly in control for the rest of the session to record a loss for the day.
The market opened at 1067.75 and closed at 1056.25.
The range was from a high of 1077.75 (which is a resistance level) to a low of 1051.25.
There are still three recent open gaps at 1156.25, 1112.75, and 1102.50, all to the upside. But there are also some old gaps to the downside from July, 2009 that were never filled, at 972.25 and 902.00.
Good luck, and always trade only what you see.
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