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Wednesday, December 16, 2009

S&P 500 Day Trading Course Gap For Dec 16, 2009 Learn How to Trade


Another consolidated day in trading today as prices opened at 1105.00, down 4 points through the overnight. With a very slow start prices began trading up 4.5 points to the high of 1109.50, then worked thier way down to a low of 1100.25 where prices met support and turned back up. Close was m1104.00, down 5 points from yesterdays close. The gap was filled at 1109.00 while the day's range came in at 9.25 points.

An increase in seller volume brought prices back to the 1100 level today, watch for volume invreses on Wed to decide on direction for the rest of the week. If we break through support at 1100 we will be heading for 1085 again with possible stops at 1094, and 1088 along the way. If the sellers don't step up we will be stuck in this range btween 1100 and 1113 until somebody make a move.


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Monday, December 14, 2009

S&P 500 Day Trading Course Gap For Dec 15, 2009 Learn How to Trade


Consolidation is the word of the day again today. Opening the week at 1108.50 and trading a 6.25 point range throughout the day. Prices topped out at 1110.25 and bottomed at 1104.00, giving us a slow start to the week. Keep in mind that this is the last full week before Christmas so prices may see some congestion as volume could be a little light into the new year.

Still watching the key levels at the 1116.00 and 1100.00 areas. There could still be time for some moves, we will just have to see how long this consolidation will last. Even last week was consolidating from Wed-Fri with ranges in the 6-7 point area. 1108.00 is the point of control for tomorrow as we wait to see if there is anyone ready to make their move. Keep watching, the trades will come. See you at the starting line!

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S&P 500 Day Trading Course Gap For Dec 14, 2009 Learn How to Trade


Another consolidated day with prices stuck in a 7.5 point range throughout the day. Trading opened at 1106.25, traded to a high of 1108.75 then back and forth throughout the day. The low came in a 1101.25, just closing the gap from Thursday's close. Prices closed up one tick from open at 1106.50.

Still watching the 1116.00 area as prices are making there way back there again. One the lower side we could see prices revisit the 1100.00 level of support, then 1095.25 with an extreme low around 1088.50. See you at the starting line!


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Thursday, December 10, 2009

S&P 500 Day Trading Course Gap For Dec 11, 2009 Learn How to Trade


Trading today was brutally consolidated. Opening at 1102.25 prices traded quickly to the 1106.25 high, then back and forth to a low of 1099.50 shortly before close. Close came in at 1101.75 down 2 ticks from open, but up 6.5 points from yesterday's close. The gap was left open at 1095.25, while only trading a 6.5 point range.

On the upside prices may retest the 1116.00 levels of resistance, while on the downside we could be looking at a touch back down to 1085.oo levels if prices don't stay consolidated going into the weekend.


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Wednesday, December 9, 2009

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Wednesday's trading opened at 1090.75, down 2 ticks from Tuesday's close. Prices traded to the low of 1085.00 this morning, then turned and began a slow pace upward. The high today traded at 1097.00 while closing the day at 1095.25. The range came in at a decent 12 points while the gap at 1091.25 was filled.
With the support at 1085.00 prices will have to find some volume in order to break through. On the other side prices did touch very close to the 1100 area today where resistance held.
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Tuesday, December 8, 2009

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Tuesday trading opened at 1096.00, down 7.25 points from Monday's close. Trading opened to a drop in prices as they traded down instantly from open to a low of 1087.75 in time for the 10am reversal. From there prices regained their lost ground and made their way back up to a high of 1097.50 by about the noon bell. The rest of the day was then spent stuck in a 4 or so point channel between 1094 and 1090.00, with prices testing the support shortly before close. Prices closed the day at 1091.25, down 12 points from yesterdays close.


In the longer term,we watched as prices found support today in the 1088.00 and 1091.00 levels. If we get another increase in seller volume and break through support we could see prices move toward 1077-1079 and then 1069.75. On the upside prices may retest our 1100 area of resistance where we have an open gap from today's trading, should prices make it through there (which I would find surprising) we would be looking at 1115.00 as the next area of resistance. A level that we have so far only managed to pierce, even with several attempts.


You know where you can find me..... See you at the starting line!


S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

Monday, December 7, 2009

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Friday's trading opened at 1113.75, up 5.75 points through the overnight session. Prices quickly moved to a high of 1119.00 where they were met with resistance and turned. Prices then traded down 23.75 points to a low of 1095.25, once again piercing the resistance but not carrying through. Friday's trading closed at 1105.25, down 2.75 points from Thursday's close.

Watching for Monday's trading to test the 1100 level before deciding where to go. If trading moves to the low side and breaks down we could be looking at a test to 1092.25 then 1085.50 and an extreme low of 1076.50. If prices break to the upside we will be looking at another move into the 1116.00 level where we will have to break through resistance before moving on from there.


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Thursday, December 3, 2009

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Trading opened today at 1110.75, up 2.75 points from Wednesday's close. Prices moved quickly to their high for the day at 1117.00, then turned and traded back down. Prices moved down 19 points to a low of 1098.00 shortly before close the closed trading at 1098.25.

Prices yet again tested the resistance and failed, the increase in seller volume today could point toward a sell off going into the weekend. Should prices break support at 1092.00 and 1082.50, we could be looking at a change in direction for this currently overbought market.

See you at the starting line!


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S&P 500 Day Trading Course Gap For Dec 3, 2009 Learn How to Trade


Wednesday trading opened at 1108.00, up 3 ticks from Tuesday's 1107.25 close. Prices traded up from open to test the resistance in the 1112.00 area where it pierced with a high of 1115.50 but could not continue. Prices changed direction and moved back down into our 8 or so point range of consolidation between 1104.00 and 1112.00. Prices bottomed out at 1104.25 and traded the rest of the day within the fence to close the day at 1108.00.

Still watching the 1112.50 area with 1115.50 now the new high. Looks like Vol will have to break over 1.7 million contracts to get enough of a move to break the consolidation. On the low side we could see some retesting of the 1104.00 area then 1100.00 and 1091.25 from there.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

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