Hello Traders, Well today was an interesting day in the market. We started with a 4 point gap up to open at 1004.50 and within a few minutes reached the high of the day at 1005.75. It then went back to fill the gap and then some which eventually led to the low at 989.75. Developed a downtrend on the 5 min chart and closed still in that trend at 994.50. If you will look at a 60 minute chart it has closed below the 100 moving average that has been acting as support for the last few weeks. Tomorrow Unemployment figures are released before open so we will see how the market reacts to those. Have a good trading day.
LauraQ
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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