S&P 500 Daily Trading Course – NY Close
S&P 500 Daily Trading Course - 5 Minute Chart
There was a fair amount of movement both up and down on this Friday the 13th, although it was verrrrry slow and sluggish movement for the most part. The Bulls were able to eke out a meager 1 Point gain for the day, on very low volume and in a very narrow 8 Point range.
The market opened today at 1077.00 and closed at 1078.00.
The trading range for the day was from a high 1084.25 to a low of 1076.25.
There is still an open and unfilled gap to the downside from over five weeks ago now at 1023.00, and also one to the downside from over three weeks ago at 1064.75. And now there are two new unfilled gaps from this week to the upside, at 1087.50 and 1118.00. Also, there is an old unfilled gap to the upside from exactly three months ago, at 1156.25.
Good luck, have a great weekend, and always trade only what you see.
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So this is called a small range day, so it looks like we can continue down. Direction of the channel has changed. What is the projected move?