S&P500 day trading course price action and Gold

S&P500 day trading course price action and Gold following price action into the decreasing volume as traders depart for the holidays. [caption id="attachment_3434" align="alignleft" width="75" caption="Wall street christmas S&P500 emini futures day trading course"][/caption]Every year there is wonder and seeming amazement as we enter the holiday season and there seems to be a bit of levitation as the markets drift up. This Chris Angel like magic has the numbers reaching new highs in the after hours and sending it back down just before the open. The S&P500 emini then seems to almost magically lift off on little or no volume to again reach new highs. [caption id="attachment_3435" align="alignleft" width="300" caption="S&P500 day trading course daily chart dec 22"][/caption] Support at 1221 then 1240 with a Point of Control at 1245.50 Would expect to see this move down in the overnight for another act of levitation during the normal trading hours. [gallery] On the high side looking for resistance at the previous highs around 1250, with further resistance coming in at 1253.75 then 1258.75 then

S&P 500 day trading course

S&P500 day trading course Dec 16 price action

[caption id="attachment_3431" align="alignleft" width="300" caption="S&P500 day trading course price action"][/caption]S&P500 day trading course price action on S&P500 emini futures contract area of support and resistance. Point of Control is 1232.50 as sellers engulfed the previous buyers move up off of support at 1230. Watching for a move off of 1229 to 1235 and then a continuation to previous highs for the weekend. Don't forget about the invisible hand. If we do break support at 1230 then the next level of support is 1221 then 1214. Looking for an extreme low at 1207. Resistance is coming in at 1240-2 with 1249-51 and then an extreme high at 1265, probably coming in this next week before Christmas.

S&P 500 day trading course

S&P500 day trading course Dec 14 price action point of control

S&P500 day trading course price action and point of control for Dec 14 S&P500 emini futures day trading. [caption id="attachment_3417" align="alignleft" width="300" caption="S&P500 day trading course dec 14 price action"][/caption] Point of control has not changed since yesterday as we enter pre market before the FOMC meeting on Tuesday. We had a reversal bar on the last 4 hour bar and looking for support here with a 50% retracement and then a possible reversal to stall around the previous high. A short term double top could be in until the meeting at 2:00.

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course areas of support and resistance and price action. Looking at the 240 min chart areas of support and resistance on the S&P500 emini futures contract. [caption id="attachment_3409" align="alignleft" width="276" caption="S&P500 day trading course price action"][/caption] Levitation in the market place as low volume and a lack of volume increases the effect of buyers entering the market. Resistance will come in 1241.75 after this morning's run up. watching for a break to upper trend line around 1262.75. If we make it through here and can see some Christmas glee in the form of increased consumer spending, looking for a top around 1285. This is a longer term picture for the month with support coming in at the point of control for today at 1237.50 with sellers in control under here. The next area of major support will hit around 1229 then 1215-18. If we do get a break of this area we might see the 200 MA on the 240 min touched at 1205. Will be a consolidated area to trade this next week as most investors will be in the "let it ride" cycle of the year. S&P500 and Tuesday's FOMC meeting In all likelihood it's going to be a quiet FOMC meeting this time around – in stark contrast to the hugely anticipated QE2 announcement meeting last month. At the last meeting, the Fed announced some $600bn of Treasury purchases extending into Q2 2011, but the effects of that injection will take some time before they filter into the key economic data that the Fed is monitoring. In fact, the data since that meeting has been far from [...]

S&P 500 day trading course

S&P500 day trading course mid day price action

S&P500 day trading course live trading room price action on the S&P500 emini futures contract. [caption id="attachment_3402" align="alignleft" width="276" caption="S&P500 support and point of control"][/caption] Point of control for today is 1183.50 and the buyers can barely keep it above this level.

S&P 500 day trading course

S&P500 day trading course buyers lacking commitment

S&P500 day trading course, buyers lacking commitment, Dollar strength is holding market down even as we are entering the next phase of the Invisible Hand. Whether Goldman Sachs is rolling some of the QE4 billions into some equities and futures contract is left to be seen. We have an decreasing commitment on buyer side to hold this up as we test the previous swing lows. [caption id="attachment_3399" align="alignleft" width="276" caption="S&P500 day trading course price action into support"][/caption] Looking at a point of control around the 1183.25 mark on the day, presently buyers have retraced the contract back above here. Next area of support from here is the 1171 swing low the n1168.25 and an extreme low of 1155. A rally on the Euro could push these markets back up but would expect to see some resistance around 1190.50 and then 1200. Our next swing high target is 1208 then to 1217. If sellers are to jump in front of this train it would be under some kind of intervention as manipulation of Consumer confidence figures have done in the past. It is always three months later when get the adjustments that we get to see the real picture. Watch for a break down in Gold too as we are hitting resistance and could see a H&S execute. That would really push this up.

S&P 500 day trading course

S&P 500 day trading course E-Mini day trading education Coach: S&P500 day trading course Quantitative Easing

S&P 500 day trading course E-Mini day trading education Coach: S&P500 day trading course Quantitative Easing

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.

S&P500 day trading course hitting support

S&P500 day trading course hitting support at 1175. It doesn't retrace to the previous swing low at 1171 area. [caption id="attachment_3394" align="alignleft" width="276" caption="S&P500 day trading course price action into support"][/caption] Point of Control for this move is 1179.50 as we are testing both sides in the after hours. The Point of control for the week is 1188.50 It looks like we are entering into a W pattern on the 240 min for another run at the top.If we can not breach the 1206 previuos swing high and sellers distribute from this area we could see a quick sell off. With Ireland on the rocks and the increased pressure on gold accumulation if we see a double top or new highs we could see more dollar weakness and another rally on this market as emphasis swings away from the Euro and then to the Dollar.

S&P 500 day trading course

S&P500 day trading course Quantitative Easing

S&P500 day trading course Quantitative Easing Explained. Very entertaining and easy to understand. In a recession the Fed, Central Bankers of America, wants inflation not deflation. When Americans need prices to be low, they are trying to inflate prices. Fed has never been right in their policy. Ben Bernanke has no business experience and has never been elected. The Fed has no authority to commit Tax dollars to purchasing of Treasury Bonds.

S&P 500 day trading course

S&P500 day trading course price action

S&P500 emini futures day trading course levels of support and resistance.  We are looking at the 240 min chart.  The daily point of control is 1195. [caption id="attachment_3388" align="alignleft" width="257" caption="S&P500 day trading course price action"][/caption] We broke above the mid term point of control at 1189 and are testing the buyers commitment to take this above 1200. Lots of resistance here as we are almost glued to the 50MA. Looking for support to come in at 1189, and 1185 in short term with 1172 as an extreme low. Resistance will be coming in at 1200, 1207-9 and then 1216.

S&P 500 day trading course

S&P500 day trading course price action distribution exhaustion

S&P500 day trading course price action distribution exhaustion in the S&P500 emini futures contract.  From our highs on Friday we have a 33 point distribution from 1204 to 1171.  Tuesday shows a bit of volatility on the move down with heavy selling into the afternoon and then a consolidated range into today. [caption id="attachment_3382" align="alignleft" width="257" caption="S&P500 day trading course price action distribution exhaustion"][/caption] Todays point of control is 1180.50 and so far the Sellers have held the market.  This is a very tight consolidated range from 1178-1180. We have support at 1177 with a major support at 1171 then 1165, 1154 and an extreme low of 1127.75 . I am not looking for any volatility this afternoon, probably more as we head into the weekend. Our Resistant trend line is coming in around 1186 converging at the 50ma. If we get price failure on the hourly with inability to move through or close above 1186, then we might see more to the downside as a continuation of Friday's move. 1189 is the point of Control for accumulation if this move down is to be reversed by the buyers.  Looking for more accumulation to occur from this point and watching for resistance at 1193, 1204, 1209 in short term.  If we can close above 1209 the market looks clear to make an attempt on previous swing highs.

S&P 500 day trading course

S&P500 day trading course price action sell off

S&P500 day trading course price action sell off.  The S&P500 emini futures broke the Point of control and sellers have moved in. [caption id="attachment_3378" align="alignleft" width="257" caption="S&P500 day trading course price action sell off"][/caption] We are in a Bearish channel with a supporting trend line coming in at 1172.25 that should add some temporary support, as mentioned on the call yesterday we are looking for a extreeme low of 1168.25.  We are getting close. If the Buyers can not bring this to a close above 1189 during this next few days we could see this sell off continue into the holidays with consolidation in the 1133-45 area. Quantitative easing 2 or round 4 might have a backstop for the equities market.  If the "invisible hand" of the Fed steps in again it will probably be on the approach of psychological support in the 1100 region. Presently, the problems in Ireland have contributed support to the USD but contributing to market weakness in equities.  This is the normal inverse relationship that the market runs in, but expecting to see another decoupling as money starts to pour into the Bonds market from the Fed's purchases. When this occurs would be looking for the dollar to weaken again and if the equities do not rally, this is where we could see the sell off and loss of faith that will bring the market towards the 1000 psychological support in the S&P500 emini futures contract. Keep your heads up around the news and entering into the weekends.

S&P 500 day trading course

S&P500 day trading course price action post fed

S&P500 day trading course looking at price action after the fed.  As mentioned earlier we are in a  bullish channel within a longer term bullish channel. [caption id="attachment_3367" align="alignleft" width="185" caption="S&P500 day trading course"][/caption] Looking at the S&P500 emini futures contract on a 240 min chart we can see that even with the news the price action stayed contained with in the supporting and resistant trend lines on the longer term time frame. Point of control on the day is at 1193.75 Sellers were in control for most of the day.

S&P 500 day trading course

S&P500 day trading course big week FOMC

S&P500 day trading course looking for a big week with voting, employment numbers and the Fed.  Some volatility entering the market. For the much hyped and anticipated FOMC meeting, it is universally expected that Fed members will keep rates at their ultra-loose level of 0.00 - 0.25 %. The key issue will be the initial size and subsequent increments of the Fed's 2nd round of quantitative easing (QE2). We are looking for an initial injection of asset purchases around the $500 bn level or something along the lines of $100 bn/month with a comment stating that the Fed will adjust accordingly to future US data. While additional increments of QE might be determined on a dynamic basis, based principally on inflation data, it will nevertheless push inflation higher. We suspect that these figures are very near consensus (hard to gauge) and deviation could instigate a USD reaction. In this case will the S&P500 move with or against the EURUSD pricing? USD positioning seems to point to the market being short USD - so a less-than-expected QE2 injection could spark a decent short squeeze and subsequent rally to the S&P500 emini futures. [caption id="attachment_3362" align="alignleft" width="262" caption="S&P500 day trading course "][/caption] The market today has a Point of Control 1185.25  with first support at 1180.25 then 1177.25 and low side target of 1168.50. We are seeing multiple attempts on 1193 and have been consolidating in a ten point range.  If we  break through this short term high, probably on the news or some other outside event as mentioned above, looking for resistanc [...]

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course live trading room price action on the S&P500 emini futures contract. [caption id="attachment_3356" align="alignleft" width="300" caption="S&P500 day trading course S&P500 emini futures price action"][/caption] This past week we have seen a double top on the S&P500 with resistance at 1193 .  The move down from the high has seen a bit of support at 1180 , and 1175 with price failure and a move back to 1180. We have a fourth attempt at the resistant trend line in this bullish channel with shallow pull backs. Support is coming in at 1174.50 and the next major support at 1167 followed by 1158-59.75 Resistance is of course coming in at our previous swing high at 1193, then 1197.50-98 .   Even Obama is cheering for the break of  1200, with his full press of cheerleaders led by Ben.  This could be the psychological break of the ceiling that could push the S&P500 to new highs. We could see a slight retrace to 1156, but the next move up could place us around 1344. If this occurs the 1100- 1350 trough could last for literally years.

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course price action on a daily chart.  We have been testing the S&P500 emini futures ceiling around 1186 and probably will be consolidating in this area for the close into the weekend. [caption id="attachment_3351" align="alignleft" width="243" caption="S&P 500 day trading course daily chart "][/caption] the buyers have been in control the past three days on relatively light volume.  The sellers moved in on  Tuesday with over 3,000,000 contracts executing and our first selling pressure in a week. 1178-80 is a congestion zone with a lot of positions on both sides.  Looking for a test back to 1186 to continue.  If the buyers can not take it above the this congestion zone on the close there is a good chance we could see another sell off day like Tuesday coming soon next week.  The key will be the break of the daily point of control at 1166. If buyers do move in we are looking at resistance at 1186, 1189,1197.25 through 1203.  It seems that with all the pressure in the press to paint the economy as healthy that the fed will push to get this market above 1200. We shall see. Support at 1172 and 1166.  with a major support at 1144.75

S&P 500 day trading course

S&P500 day trading course price action S&P500 emini futures

S&P500 day trading course price action S&P500 emini futures.  Point of control for today was 1173.  Seems the bulls were in control as good new from Citi profits come over the wire.  Gold also crossed the 1372 mark. [caption id="attachment_3347" align="alignleft" width="258" caption="S&P500 day trading course price action"][/caption] 1182.25 held today as resistance is tested for the third time.  Watching for this to make a break for 1192 then the big Psychological Obama victory of 1200.  The champagne glasses will be ringing when this is broken. Support coming in at 1178 and 1173.50 below this we have  the 200ma where we have a confirmation on direction with the 200 ema crossing.  Will have to break through 1160 to get to the weekly point of control at 1156.

S&P 500 day trading course

S&P500 day trading course daily chart price action

S&P500 day trading course daily chart price action for trade date Oct 18. Looking at the S&P500 emini futures contract. Buyers and sellers are at a practical stand still testing direction and either finding a top or pushing for a break of support. Most of the time ending a few points away from the open. [caption id="attachment_3342" align="alignleft" width="244" caption="S&P500 day trading course daily chart"][/caption] The past three trading sessions have seen a move up with closings near the 1st moves high of 1174. We have been testing both directions with 20 point ranges. Unfortunately, most of this move has been created with the devaluation of the dollar to other currencies which can be seen in Gold and Oil. Looking at the EURUSD you can see that the dollar is loosing ground quickly and we have a relatively strong move up in the ES.  Same with USDJPY. We might expect to see inflation creeping in from here. [caption id="attachment_3343" align="alignleft" width="196" caption="S&P500 day trading course EURUSD ES USDJPY"][/caption]

S&P 500 day trading course

S&P500 day trading course reversal bar price action

S&P500 day trading course live trade room price action. Fantastic price action today as we are ending the NY session with a reversal bar on the daily chart. [caption id="attachment_3329" align="alignleft" width="300" caption="S&P500 day trading course reversal bar daily chart"][/caption] S&P500 emini futures price action showing the resistance at 1178.50 with a move toward the 1166 support mentioned last week as resistance. Price action has been as laid out this past few weeks with a low volume move to these swing highs. If we have another test up tomorrow for a retracement of today's move looking for a swing high of 1174-6 then a sell into the close for consolidation and perhaps a move to 1144.75 if sellers step in with volume. Friday could be the day.

S&P 500 day trading course

S&P500 day trading course, live trading video

S&P500 day trading course live trade video. Drayton, our Calgary trader has put together this video on his trade this past day. Nice 3 point move down on 5 contracts with 3 targets. Precise entry and targets are a "Must Have" for effective trading, learn how at our Live 3 Day Intensive Training in Day Trading! Next Session is October 23-25 in Calgary Alberta Canada, Join Us!

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course price action on the S&P500 emini futures contract. Coming back from the banking holiday and looking at the daily chart. It seems we have almost completed the move to 1166 that gives us the right extension of the Inverted Head and shoulders. [caption id="attachment_3322" align="alignleft" width="224" caption="S&P500 day trading course price action Inverted Head and Shoulders"][/caption] Watch as price approaches 1166, 1159 and 1144.75 for support and resistance.

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course price action and levels of support and resistance.  The Gap is filled at 1156.25 and we have a small bit of resistance to 1166.  If the S&P500 emini future breaks through here then 1166, 1178.250 and next level running to 1198.50. [caption id="attachment_3314" align="alignleft" width="254" caption="S&P500 day trading course"][/caption] Support is close to the Gap at 1156.25 with then next major level comig in at 1144.75. There is an open gap at 1142 and one more level of support at 1138.75 so this area will give a lot of support. The next level is 1122.25 with 1111 as the next major level. It will take some selling off volume to move it down. [caption id="attachment_3316" align="alignleft" width="235" caption="S&P500 day trading course daily chart for 10-6 price action"][/caption] The Inverted Head and Shoulders has almost completed its equidistant move to 1166 with a very powerful move up on low volume. [caption id="attachment_3317" align="alignleft" width="199" caption="S&P500 day trading course 10-6 price action daily chart"][...]

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course price action in the S&P500 emini futures [caption id="attachment_3311" align="alignleft" width="254" caption="S&P500 day trading course"][/caption] Point of control is 1137.25 with first resistance at 1144.25 then 1149.75 still looking for the open gap fill at 1156.25 and a swing to the high of 1163.25-69.25 . Support is coming in at the 200 ma 1132.25-33.50 this could add some support to bounce through today's highs. No news today.  This week could get volatile as the the SEC proclaims the source of the flash crash. We do have a lower high here, so it would not be a suprise to see a move to 1127.50 area or to the previous swing low 1119.25 I will be in San Diego until Sunday. Have a great week.  Trade what you see.

S&P 500 day trading course

S&P500 day trading course new highs Dollar clobbered.

S&P500 day trading course new highs could be coming on. We are watching as the S&P500 emini future contract is pushing for a double top at 1144.75. [caption id="attachment_3300" align="alignleft" width="254" caption="S&P500 day trading course double top"][/caption] 1125.75 was our point of control for the break out on news this morning. This broke our resistant trend line and took off through our 1132.75, 1137.25 and into our 1141-43 congestion zone. London's closing will put a bit of pressure on the markets as accounts are settled and we will see a volume drop off through lunch. Watch for short term support at 1140-41 as the sellers push against the buyers exhaustion on the move up. If by 2:00 the sellers haven't moved through to 1137.25 or lower watch for consolidation into the close. If the buyers have made another push during lunch to give us a new short term high watch for the attempt to 1156.25. On another front the EURUSD is giving the dollar a beating today. Here is a chart: [caption id="attachment_3301" align="alignleft" width="216" caption="S&P500 day trading course EURUSD vs S&P500"][/capti [...]

S&P 500 day trading course

S&P500 day trading course ny open

S&P500 day trading course levels of support and resistance. Looking for some resistance at 1129.50. for the gap. [caption id="attachment_3297" align="alignleft" width="254" caption="S&P500 day trading course 9-23 moving to gap"][/caption] Looking for the approach on the resistant trend line after filling the gap. From there a move to 1132.50 then 1137.50 and an extreme high at 1156.25 if we take out the previous swing high at 1144.25. We have support 1122 for point of control on the day. Expecting major congestion to 1113.50 as we have plenty of orders to support here. 1109.25 and 1103.25 for an extreme low.

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course live day trading room looking at price action on the 30 min chart. [caption id="attachment_3294" align="alignleft" width="216" caption="S&P500 day trading course"][/caption] S&P500 emini future contract hit the extreme high of 1144.25 we set last week. The first resistance is 1137.25 and Point of Control is 1132.50 for direction on the day. So far the sellers have been in control. Price is consolidating between the POC and the 200 ma. Some price failure to 1127 with buyers coming in around the 1129 area. There is some support on the 200ma at 1129 with the next area of support at 1122.25 and the next area of support running to 1117.25

S&P 500 day trading course

S&P500 day trading course inverted head and shoulders daily

S&P500 day trading course inverted head and shoulders daily. S&P500 emini future as breached the neckline on the inverted head and shoulders on the daily chart. [caption id="attachment_3284" align="alignleft" width="228" caption="S&P500 day trading course 9-21 inverted head and shoulders daily chart"][/caption] The right side inverted shoulder with extension would complete at 1166. The S&P500 emini has an open gap at 1156.25, if this holds and we break below 1122 then the move will be over. Initial support and the point of control will be at the 1137.50 area. If the buyers can hold we could finish the move with in the next few days. The news, although quite misleading in content is pushing for new highs. There is further resistance at 1166, then 1178.50 then 1198.50. The longer term Point of control has been breached at 1122 and the buyers are in control.

S&P 500 day trading course

S&P500 day trading course open charts

S&P500 day trading course Lunch time NY Move on resistance for the weekly Point of control at 1133.25 This is a key area on the S&P500 emini futures contract as buyers will be gaining control for the move to an extreme high of 1156.25. [caption id="attachment_3267" align="alignleft" width="229" caption="S&P500 day trading course intraday chart price action"][/caption] We have some support at 1129-31 area as there was a volume increase in buys here.  Expecting to see some exhaustion here as the buyers re group to run at the resistance again. If the buyers loose control here, we could see a complete reversal to todays open in the after hours. Watch for news this week and maybe some pressure out of Europe as Ireland pops onto the pressure on the Euro, this could also push the US market down as dollar gets a bit of a rally. Normally, there is an inverse relationship between the two, we could see a bit of  "deCoupling" as this intiallly occurs. Trade what you see.

S&P 500 day trading course

S&P500 day trading course NY close daily chart

S&P500 day trading course NY close the daily chart on the S&P500 emini futures.  Getting ready for a roller coaster here as the emini is moving against resistance and about to break through to new short term highs. [caption id="attachment_3261" align="alignleft" width="250" caption="S&P500 day trading course daily chart NY market close"][/caption] From early May we have seen decreasing volume into the summer season where traders are normally taking off.  We are now into the second week of September, which is where we seasonally experience increases in volume into the more volitale months of October and early November. 1127.50 is the point of control for the bulls to take this to the resistance around 1156.25. This is our 2nd target on the move up from POC at 1049.25. If we break the 1169.50 resistance then we are looking to 1200 for the next area of consolidation.  We could see this in Mid- October as the next round of quantitative easing hits the market.  It doesn't look like the government will let this wash out. Support in the S&P500 emini futures market is coming in around the 1111 area with continued downside support that will come in at the psychological 1100 mark, then 1049.25.  If we get a break under the 1080.50 mark I would watch for some consolidation at 1062.75 then 1049.25 to 1036.75. I would add these levels to your long term charts to look for short term reversals and areas of consolidation. Trade what you see.

S&P 500 day trading course

S&P500 day trading Course price action

S&P500 day trading Course price action it looks like there are tails on a weekly chart hitting support on the 1037.50 range with price failure into the support on the inverted Head and Shoulders.  The Point of Control 1056.25 [caption id="attachment_2990" align="alignleft" width="202" caption="S&P500 day trading course price action "][/caption] Open Gap 1049.50 Support at 1056.25 , 1047.50, and extreme low of 1036.75 which is also the support of the inverted Head and Shoulders on the daily and weekly. We have resistance at 1062.75 then previous swing high at 1072.75. News is coming out at 10:00, watch your self.

S&P 500 day trading course

S&P500 day trading course Inverted H&S

S&P500 day trading course Inverted H&S is still holding on the S&P500 emini futures chart, we have tested down to 1036.75. We have tested down 3 days out of six. The point of control is 1049.25. The FOMC will be at 2:00 so we might have another low volume day. [caption id="attachment_2932" align="alignleft" width="211" caption="S&P500 day trading course inverted Head and Shoulders on daily chart"][/caption] If we Break through this support at 1036.75 then the next area of major support is 1001.75 which is a major support. Targets below this are 955.25 then 936.50 with 855 as major support if we get a sell off.

S&P 500 day trading course

S&P500 day trading course price action lunch time

S&P500 day trading course price action lunch time, Thursday S&P500 emini futures have had a low volume, move up from the past 6 days moving down. [caption id="attachment_2903" align="alignleft" width="201" caption="S&P500 day trading course price action"][/caption]

S&P 500 day trading course

S&P500 day trading course price action

S&P500 day trading course price action and levels of support and resistance. [caption id="attachment_2776" align="alignleft" width="201" caption="S&P500 day trading course price action support and resistance"][/caption] Point of Control will be 1047.50 on the day. 5 down days in a row. This is normally where we get a bounce so watching for a doji on the day. Support is coming in at 1040.50 with next major support at 1036.75 then 1025.25 and an extreme low of 1001.25. WE could consolidate around the POC and then close at 1049.25 . with further resistance at 1055, 1062.75 as the 200MA is going to put up some tough resistance.

S&P 500 day trading course

S&P500 day trading course inverted head and shoulders.

S&P500 day trading course inverted head and shoulders. Price action in the S&P500 emini futures is pointing towards an Inverted Head and Shoulders with support at 1036.75. We could consolidate at 1049.25 on the way down there. [caption id="attachment_2508" align="alignleft" width="203" caption="S&P500 day trading course Inverted Head n Shoulders"][/caption] Resistance will be at 1059.25 for resistance and yesterdays close of 1065 for the gap. Point of control for the day will be 1056. Housing news is getting worse and worse. Looking for a continuation down in housing prices this fall and further foreclosure in the commercial sector as more over leveraged loans are called. Many factors to keep this market down. If the bond market collapses soon we could see hyper inflation set in.

S&P 500 day trading course

S&P500 day trading course price action pre market

S&P500 day trading course price action pre market looking at the daily chart [caption id="attachment_2503" align="alignleft" width="190" caption="S&P500 day trading course ny open price action "][/caption] Presently in the after hours we have a doji on the 200 ema, this is perfect for a break out to determine direction. The Point of control for today is 1094.25 for a bullish break out on low volume. Looking for 1094.25 as first resistance, 1100-02 as second resistance and then 1109-11 for the next area of resistance and a congestion zone. It looks like we do have price failure into the 1086-94 congestoion zone this past three days so there is a possibility for a sell off breaking the supporting trend line (yellow) with a move past 1080.50 then on to 1069 area. If we move below the 1062 area I would be looking for a formation of an Inverted H&S in this next two weeks.

S&P 500 day trading course

Tony Robbins on the economy and education

Tony Robbins view on the economy and comments on the market and consumer spending. Market slowdown effecting everyone and positions of Banks, borrowing and securitization. Business is not borrowing, they are not hiring and no matter how much they stimulate, the economy is not moving. Part 2 continuing the conversation. Also talks about education and the roll of learning what to do. Tony Robbins on the economy, consumer spending and the housing market. Please comment and tweet.

S&P 500 day trading course

S&P500 day trading course Price Action

S&P500 day trading course NY open price action and levels of support and resistance. [caption id="attachment_2464" align="alignleft" width="190" caption="S&P500 day trading course NY open "][/caption] No news today after market opens.  Looking at a point of control for this morning at the 200 ema at 1086.75. Sellers lost control of direction yesterday and buyers stepped in giving us some price failure.  If we break above here on basket orders we could see this head back to 1094.25 then on to the psychological 1100. Yesterday the Ninja Trader Zen Fire platform placed orders that were cancelled after their ISP went down.  Cost a lot of traders some money. If you see some inconsistent action on your trading platform do not trade. Never risk money to see if it is working.  Call if you have to but do not place an order.  You don't know if there is a delay.

S&P 500 day trading course

S&P500 day trading course NY open

S&P500 day trading course NY open There is still and open gap at 1156.25, even though the Hindenburg Omen has fired off. [caption id="attachment_2460" align="alignleft" width="207" caption="S&P500 day trading course ny open"][/caption] Basket orders took us down this AM off the open into support at 1069.75 which is the point of control for today.  Bulls are going to have to keep price above this area. It looks like we have had a bit of price failure or testing to the down side. Further support at 1062.50 and 1050. If we bounce up from here we are looking  at resistance at 1075, 1080.50, and then 1090.25 .

S&P 500 day trading course

S&P500 day trading course Hindenburg Omen visited

S&P500 day trading course, you might have picked up on the news that there is the oncoming confirmation of a Hindenburg Omen. [caption id="attachment_2453" align="alignleft" width="232" caption="hindenburg omen poster"][/caption] A Hindenburg Omen is an indicator that is a technical analysis pattern that supposedly shows up prior (just) to a stock market crash based on the NYSE.  New York Stock Exchange.    It is based on a large number of stocks hitting annual highs as a large number of stocks hit annual lows.  The Hindenburg omen basically shows new lows and downside risk. Here is the scoop:  The probability of a downside move over 5% is 77%.  Pretty nice odds. Zero hedge has a break down and some information

S&P 500 day trading course

S&P500 day trading course NY open

S&P500 day trading course NY open looking at support and resistance for the morning. It looks like the market still has down side bias. [caption id="attachment_2447" align="alignleft" width="220" caption="S&P500 day trading course NY open"][/caption] Point of control for the day is 1080.50.  In the overnight session of the S&P500 emini we have tested down to 1070.50 where we can see some support coming in. Below this we have an extreme low support of 1036.75 and one more at 1050.25 where we can have some previous consolidation. 1088 and 1119.25 are two open gaps to the upside.  High probability of getting one of these. Volume on the daily has increased and as usual the increase in volume takes us down. This could be a short term test down and the key will be through the prior swing low of 1050.50.  This is the level where the bulls will have to put in or else the next move down could be large.

S&P 500 day trading course

S&P500 day trading course daily chart NY open

S&P500 day trading course daily chart [caption id="attachment_2440" align="alignleft" width="209" caption="S&P500 day trading course live daily chart "][/caption] Point of Control is from 1111.00 if we stay under here I am looking for the price to bounce between the 200ma and the 200ema (red dotted line) around 1088. I have my first area of support coming in at 1094.25 There is not very much news to move this. More later.

S&P 500 day trading course

Montreal S&P500 day trading course September 11-13

S&P500 day trading course will be back in Montreal September 11-13. We really look forward to working with this new group of traders. [caption id="attachment_2435" align="alignleft" width="124" caption="Montreal S&P500 day trading course"][/caption] We will be covering these key areas: Business strategy in a printable template, we cover this every quarter. Trade rules – how to create a system based on your tendencies. Recording and quantifying results and keeping a trade journal Precise Entry points – no more guessing. Price and Direction - what you see is what you get. Trade Strategy – based on your individual performance. How to set daily targets. so you know when to run with the money. When to trade and when not to trade – keeps you from becoming a victim of the markets. Trading plan – When you are effective in the market place. How to let the trades come to you. Quit throwing away your money. Trading with targets and how to manage risk. How to get your income, wealth and freedom trading. How to spot the highest probability trade Mastering your strategy , how small changes can be the basis for long term consistent profits. How to be responsible for your trading and level of choice in the market. Specific times to trade and not to trade. These settings can change your profitability. Responsible trading practices The real workings of the market place and how to use these to your advantage. The difference between direction and hope. How to enter the trade and minimize risk. Montreal S&P500 day trading course An electronic traders text book on how to make money in the markets. You will learn how [...]

S&P 500 day trading course

S&P500 day trading course 240 min chart live trade room

S&P500 day trading course 240 min chart live trade room [caption id="attachment_2429" align="alignleft" width="300" caption="S&P500 day trading course live chart"][/caption] Watching the 3rd attempt on the bullish Channel.  If we don't break through to retest at 1100 area would be looking for this to close as a hammer on the daily. There is not much volume commitment on this move down and the bulls are pushing this back up quite easily.  Watch for the 1118.75 resistance, if they can' t get above this level we could see a continuation down. This 20 point range we have been bouncing around in try to get direction has been indicative of past August sessions where  we have lower volume and stay rang bound until the Market Makers get back from Vacation. Watch for the news today on FOMC, could get some volatility. The Point of Control is 1125.25, if we move above here we have some room to 1133.75 then on to fill the open gap at 1156.

S&P 500 day trading course

S&P500 day trading course emini futures NY lunch to close

S&P500 day trading course emini futures NY lunch time and the market is stalled in the low volume move up. [caption id="attachment_2418" align="alignleft" width="236" caption="S&P500 day trading course daily aug 2 chart"][/caption] Market is slow so I wanted to post some targets for the S&P500 emini futures contract and show a possible price action. The Market is in a bullish channel with an extreme high target of 1165.  I am looking for 1065 the open gap and then a turn from here in the zone between the two. First area of resistance is 1133.75 then 1145. Since breaking the bearish channel at 1080.50 the market has moved up on lower volume.  The first two weeks in August historically have had lower volume and if this past year is any indication of market performance we will probably see this move up. The market's point of control for today is 1119.75 and we will probably consolidate around this area through to the close.  A doji on the day would be par for the course. 1108.25 is the first area of support but as we have seen over the past few weeks we will probably get a little bit of consolidation and then a break out from this zone.   The psychological support of 1100 is also there as bulls fight to keep this going up.  1080.50 is the extreme low in a sell off and expect to see some support in the 1093-97 zone and the 1087-89 zone. [caption id="attachment_2424" align="alignleft" width="124" caption="Montreal S&P500 day trading course "][...]

S&P 500 day trading course

S&P500 day trading course live room

S&P500 day trading course live room the point of control for tomorrow is 1107.25. [caption id="attachment_2409" align="alignleft" width="198" caption="S&P500 day trading course daily live trading room."][/caption] Volume is low, low, low so the market is rallying. Each day we have had this piddling amount of volume the market makes a new high. All green, 3 market days in a row. So we should see tomorrow a test of support and then a break to new highs on the same low volume. watching for 1118.75-19.75 . Looking for this to move up over the next few weeks to 1056.25 area before we put in the next leg down.

S&P 500 day trading course

S&P500 day trading course NY open daily chart

S&P500 day trading course Sunday Pre market NY open Price Action. [caption id="attachment_2399" align="alignleft" width="255" caption="S&P500 day trading course daily 7-26 chart"][/caption] The area between 1083.75 and 1103.25 is where Market makers are either in distribution or accumulation at these levels as mentioned previously.  Remember the performance of the market and the performance in the economy is not linked, it is "unhooked" presently and there fore am watching for market makers to take advantage of investors in the near term. If we see a break to the topside resistance is at 1119.75 then an extreme high of 1129.75. If this resistance is broken watch for the longer term targets of 1145 and 1169. On the support side we will be watching as traders are looking for commitment in direction and breaking through the 1080.50 Point of Control.  Expecting the range to be to 1066 and bounce around here unless there is a large sell off.  I think this will occur off a head fake into previously mentioned resistance. Looking for a intermediate term double bottom at an extreme low of 1001.75.   If the market stalls here then we will have a consolidation zone which coincides with longer term charts.

S&P 500 day trading course

S&P 500 day trading course daily chart retrace to 1081

S&P 500 day trading course daily chart retrace to 1081 on the upside. [caption id="attachment_2394" align="alignleft" width="258" caption="S&P500 day trading course daily "][/caption] Looking at the bit of support here at 1062.75 and 1055.50 . The next level is 1036.75. We are in a Bearish channel to the resistance around 1083.50 close to the 200 ema, which as mentioned before is the heads up line to congestion to the 200ma.  Market makers could play this to the continuation of this channel. We will be able to tell as the stress test plays out and if there is another low volume rally. July and August usually has lower volume and most execs are off for the summer.  The stress test could make it busy if the general public understands that their health will be a sign of more and more money flowing into their pockets and out of investors (watch out pension funds)

S&P 500 day trading course

S&P500 day trading course daily chart

S&P500 day trading course Daily chart and analysis. [caption id="attachment_2377" align="alignleft" width="258" caption="S&P500 day trading course daily Chart price action trading"][/caption] The S&P500 emini futures areas of support and resistance. We are looking for weakness in this move up. There is decreasing volume in the S&P500 futures contract over the past four days.  When volume is decreasing on moves up we are looking for a day like to day to show a stall in the commitment and then either a few days of consolidation to continue or a sell off. It looks like the S&P500 is headed to the 200 EMA which is used by professional traders.  This is the first area of resistance.  I normally look for an evening off of the volume to determine the move once the price enters in the trough between the dotted red 200 ema and the 200ma the solid red line. We also have a resistant trend line that would be keeping the bearish channel.  The key will be the new commitment after a slight pause in the range for the next move up or out of the trough.

S&P 500 day trading course

S&P500 day trading course Daily chart pre open

S&P500 day trading course daily chart 7-8 areas of support and resistance. [caption id="attachment_2372" align="alignleft" width="266" caption="S&P500 day trading course daily chart support and resistance"][/caption] The S&P500 emini futures rallied up to 1059 with practically a 50 point range including after hours. This rally came on 2.6 million contracts. This is very light reversal on the previous 7 day down trend. If this breaks above 1080, it will be quite remarkable and we could see some more resistance to the 200ma at 1100, as signified by the solid red line. A retracement to 1036 would keep this down trend in tact. Looking for support at 1036 then 1029.

S&P 500 day trading course

S&P500 day trading course Bill Fleckstein on market

S&P500 day trading course watch as Bill Fleckstein debunks some of the market myths around the S&P500 and valuations.

S&P 500 day trading course

EURUSD Forex trading

.  Dealers pared exposure to higher-yielding currencies in reaction to renewed European sovereign credit woes and an outlook for weaker economic growth in the U.S. and China.  More economists and market-watchers are starting to suggest the U.S. economy could be headed into a "double dip" recession while others suggest the U.S. economy may simply be moderating to annualized growth of 1.5% or less.  Dealers are also reducing exposure to some U.S. assets as tropical storm Alex develops in the Gulf of Mexico.  The European Central Bank stoked concerns today when it announced the amount it has expended in purchasing covered bonds exceeds the initial €60 billion cap it implemented twelve months ago.  Also, the ECB failed to drain all of the liquidity in one of its regular operations to neutralize the impact of its EMU-16 government bond purchases.  The ECB sought to absorb €55 billion but only absorbed €31.9 billion.  ECB member Nowotny reported the low level of eurozone inflation has given the ECB "room for maneuver," a possible indication the central bank may expand its bond-buying program.  Traders reported Eurosystem central banks increased their purchases of Greek, Irish, and Portuguese securities today.  There is also pessimism ahead of 1 July as banks have to repay €442 billion, the ECB's first twelve-month loan.  Spanish finance minister Salgado said she hopes the "ECB is conscious of the needs of our financial system."  A draft European Union document notes stress tests on European banks need to incorporate sovereign debt risks.  Data released in the eurozone today saw the EMU-16 June business climate indicator remain steady at 0.37 while June industrial confidence and June consumer confidence were also unchanged.  June economic confidence and services confidence ticked marginally higher.  Also, French June consumer confidence ticked lower to -39.  In U.S. news, data released today saw CaseShiller home prices [...]

Forex trading - live day trading course and currency trade room.

Forex day trading Europe open

Forex day trading With no major news releases of note, there won't be much to trigger further selloffs, however the weakness should continue in the buildup to Europe's opening. The markets continue to be weak through the Asian trading session this morning following a dismal US trading session in which the Dow shed 265 pts during trading last night. The markets have failed to find any inspiration or support from relief buying after a day in which worldwide markets experienced sharp selloffs on signs the global economic recovery was running out of steam, triggered first by China's downward revised leading economic index and then couple with the largely uninspiring US consumer confidence number released last night, which came out at 52.96, much lower than analysts expected (62.5). Asian equity markets extended their weakness into trading this morning; the Nikkei 225 broke an important support level of 9350, posting a seven month low of 9347 whilst the Shanghai Composite crashed through 2400, a level not seen since mid 2009. Turning to the currency markets, the Yen continued to benefit and bask in its 'safe-haven' status and was trading firmly around 88.50 levels. AUDUSD was marginally higher this morning after breaking below 0.8490 levels last night. Data from Australia this morning showed that housing prices increased and bank lending continued to be higher for a sixth straight month. For a nation that was one of the flag bearers in increasing rates and tightening cycles (due to inflationary concerns largely inspired by a robust housing market) the figures represent that the housing market down under is holding up rather well despite dampening demand as a result of potential future rate hikes.

Forex trading - live day trading course and currency trade room.

S&P500 day trading course live room

S&P500 day trading course emini futures live trading room. [caption id="attachment_2351" align="alignleft" width="203" caption="S&P500 day trading course live room intraday"][/caption] Point of Control for today is 1062 so the bears are clearly in control. 1035.25 is the extreme low we were looking for and is acting as support as seen in two previous swing lows in previous sessions. If we retrace to 1049.75 looking for this to be the short term point of control for the close. Asia set this off with numbers that were adjusted for China reflecting an economic slow down worldwide. Could see some volatility come on as Asia opens at 8:00 EST. Next major support in the 1012 area. Lots of weakness in to the previous swing low on the emini's.  Continuation of this downtrend could come later in the session. Watch out for Spain's banking concerns hitting the markets before the open tomorrow.

S&P 500 day trading course