S&P 500 Day Trading Course Gap for Nov 26, 2009 Support and Resistance
Trading resumed today at 1106.50, up 1.75 points through the overnight. Prices traded to a low of 1103.25 this morning, then turned and traded up to a high of 1110.25 around 3pm market time. Prices then closed the day at 1108.75, giving us another day of consolidated trading and a tight 7 point range.
Prices are still battling resistance leaving us with these tight ranges and choppy moves. Volume was down today as prices traded up giving us an indication to watch for another possible sell off if the aggressive buyers don’t make their move and bring prices through resistance.
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