S&P 500 Day Trading Course Gap for Nov 25, 2009 Support and Resistance
Trading opened at 1105.00 today, up 3 ticks through the overbought. Trading started to the down side today, filling the gap quickly and hitting a low 1095.00 around 10am market time. From there prices moved back up to a high of 1106.75 this afternoon, giving us a range of 10.75 points and closing at 1104.75. The day in all was rather consolidated with no momentum moving through our previous points of congestion.
With a slight increase in buyer volume today we are still failing in the resistance of new highs. Still watching the 1112.00 area for a break through, or reversal to set the head and shoulders formation for our next move over the rest of the week. See you at the starting line!
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