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Friday, May 8, 2009

S&P 500 Day Trading Course Gap for May 11, 2009 Learn how to Trade


We started today with a quick 8 point run up after our open @ 915.00. Only to turn around and drop an even greater 13 points to our intraday low of 909.75 @ 10:26. Not quite enough of a drop to fill yesterday's gap of 903.00. From here it was steady higher lows, until we reached our intraday high of 927.75 @ 2:51. We ended the day caught in a channel between 921.25 and 925.25 starting around 3:15, keeping us on our toes watching for the breakdown we never got. Close today came in at 925.00, up 10 Points from our open. Point of Control staying at 912.50.

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