S&P 500 Day Trading Course Gap for Nov 13, 2009 Support and Resistance
rading opened Thursday at 1094.00, down 2.75 points from Wednesday’s close. Trading moved up for the better part of the morning to a high of 1101.00 where prices met resistance they couldn’t break though. Trading moved down from there throughout the rest of the day to a low of 1082.50 shortly before close, then relaxed to a close of 1085.00. The day’s range came in at 18.5 points while the gap at 1096.75 was filled.
For Friday prices could see a retest of the 1101.00 area with an extreme high in the 1115.00 area. On the down side we could see prices move back to retest the 1076.00 level, and with a push through there even 1067.25 or an extreme low of 1060.00
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