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Thursday, April 30, 2009

S&P 500 emini futures April 30 learn how to trade



S&P 500 emini futures learn how to trade


Quick recap for April 30, 2009


Opened today @ 879.50 after yesterdays 868.00 close, leaving us with a nice 11 1/2 point gap to fill. Being thursday gave us a nice indicator to watch for a change in direction. After open we kept with our 2 day up trend peaking @ 887.00 this morning before breaking through support @ 879.25 early this afternoon giving us our change in direction and filling the gap shortly after 1'oclock. Point of control today being 875.00, with an intraday low of 864.50. Nice little sell off just before close today (I wish I was in on!) closing out at 869.00. Let's see what tonight brings and be ready to make some money in the morning.

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.

S&P 500 day trading emini futures


Looking at the past few days seeing the correlation in the charts as we enter into the "Bait" for the investors.

Looks like the market makers will take this to new highs and then  take it out.  

Psychologically, alot of investors are waiting for it to go back down again so they can get in.  That is where the set up will occur.  It won't go down for a period, Investors will get tired of waiting and will test the market with small buys into their mutual funds or a few Stocks that they like.  As they slowly increase their positions and they are feeling safer and safer, the market will turn against them.





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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