Trading opened today at 1052.00, up 8.5 points from Wednesday's 1043.50 close. Trading hit the days low of 1049.50 within the first 10 min of trading today, then turned and moved up from there. Higher lows seemed to be the story for today as prices moved their way up 14.5 points to the high of 1064.00, retesting the resistance at 1063.75 only about a half hour before close. Prices closed the day at 1063.50 today, up 20 points from yesterday's close.
Watching to see where prices move from here. We are starting the formation of the head and shoulders on the daily, prices could move into some consolidation between 1060 and 1078 to continue the trend. If prices move up we could see a touch to the 1077 area of resistance, then 1085.75 after that. Only the down side we could see a move back down to 1057.50, then 1040 and 1036.25.
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.
Posts
