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Tuesday, October 20, 2009

S&P 500 Day Trading Course Gap For Oct 21, 2009 Learn How to Trade


Trading opened today at 1095.25, up 1 point from yesterday's close. Prices traded to the high of 1096.00 within the first 5 min today, then down for the rest of the morning hitting the low of 1082.00 by about 12:30 market time. The remainder of the day was spent building price back up to the close of 1087.50.
Today's range was 14 points while the gap at 1094.25 was filled.
For tomorrow if we break to the downside we could retest Friday's 1077.50 low or possibly an extreme low of about 1066.00 with enough of a push. Should we move to the upside I am looking at 1094 - 1097 as an area of support and resistance, with an extreme high in the 1100 area. Still watching the volume closely to see if there are any hints there as to what may come. See you at the starting line!

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