The S&P 500 ES continues to trade in tight ranges as the week continues trading.
Price on the S&P continues to stay stuck in a tight daily bullish channel. Resistance or this channel shows up around the 1520.00 area with support being in around the 1495.00 area at the moment. Trading at the moment seems to have a drop off in volume with prices moving higher, a tell tail sign of a lack of commitment on the buyers end to keeps things moving up. Many traders are using this time to get into cash again, and wait for the other side of this trade. QE money and small news items that tend to “Point toward improvements” seem to keep things propped up at the moment. However, a saying keeps coming to my mind these last few trading weeks.
Perhaps you already already have the same old saying creeping about in the back of your mind as well? “The calm before the storm” keeps coming to mind. Perhaps this is just paranoia creeping in, or perhaps this is the lull in activity before the move?
Only time will tell what will happen as we continue to watch these markets, I see no reason to be getting into a market that doesn’t show promising signs. That is the investors job, and I intend to let him do it. I will be here to sell it to him at the top and buy it back when he can no longer bear the losses. Sad, I know. I guess maybe you should decide which side of the trade you want to be on? I will need some buyers when I decide to sell…. And I don’t think that it will be very much longer until it is time.
Trade what you see and never listen to the so called experts. If you can’t see the direction of the market and don’t understand how to use a stop, then don’t trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late.
Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.
Day trading course looks at price and direction, the support and resistance and the direction of the market.
Day trading course will be in your area soon, join us for Day trading education.
The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.
Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in day trading.