S&P 500 Day Trading Course Gap for Oct 30, 2009 Support and Resistance
S&P500 day trading course live room : Prices opened today at 1048.00, up 6.75 points though the overnight. Prices saw a small move down first thing today hitting a low of 1044.75, leaving the gap at 1041.25 open and turning to move back up from there. Prices moved slowly up throughout the day, seemingly stuck to the 13ema making the trades rather difficult. The intraday high was 1064.00 which closed the gap from Wed which was left unfilled at 1062.25, then ended the day at 1061.50. The total range today came in at 19.25 points, with the close up 20.25 points from yesterday’s close.
S&P50 day trading course
For Fri if prices move to the upside we could see a touch up to resistance at 1067.75, from there the next level of major resistance is the 1076.00 area. If we move back to the downside we could see a retest of the 1040 level of support with possible stops at 1050.50 and 1047.50 along the way.
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