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Friday, November 20, 2009

S&P 500 Day Trading Course Gap For Nov 20, 2009 Learn How to Trade


Trading opened at 1101.00 today. Prices then hit an immediate high of 1101.50, then turned and began their decent. Prices moved down 15 points to a low of 1086.50 shortly after 11am market time. The afternoon consolidated in a 7 point range, then closed the day at 1093.00 down 14.5 points from yesterday's close.

For Friday we could see prices move to test the 1083.00 area of support that we tested about a week so so ago. If we move through support we could see prices move to 1076.50 with an extreme low at 1067.50. On the upside we could test retest 1101.00, then possibly 1112.50 from there. I'm thinking that the sell off would be a little more fun!

See you at the starting line!


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