S&P 500 Daily Trading Course – NY Close
- S&P 500 Daily Trading Course – 5 Minute Chart
There was a fair amount of movement both up and down today, and the volume was pretty high at over 2.4 million contracts traded. The Bears were mostly in charge again today but the market only lost about 4 Points for the day. The market went down sharply on terrible existing home sales news at 10:00 market time, but the Bulls were able to recover and got the market back above where it was before that news, only to lose out slightly to the Bears in the end.
The market opened today at 1054.00 and closed at 1049.75.
The trading range for the day was from a low of 1044.00 to a high of 1058.25.
There is still an open and unfilled gap to the downside from about seven weeks ago now at 1023.00. All the other open gaps in the last three months+ are up, with the oldest one being at 1156.25. More recent gaps to the upside are at 1118.00 and 1093.50, with the most recent being from this last Monday at 1065.00.
Good luck, and always trade only what you see.
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