Tuesday, May 11, 2010

S&P500 day trading course

S&P500 day trading course levels of support and resistance. [caption id="attachment_2255" align="alignleft" width="219" caption="S&P500 day trading course daily chart "]S&P500 day trading course daily chart [/caption] As you can see we retraced back to  the yellow resistance line at 1160 that I have drawn in from the initial break down on 6th of May with our 200 MA as the target. I am expecting this to consolidate in this area with 2-3 days of indecision in a tight range. Support at 1142.25 then again at 1119.50 Open gap at 1109.75 to the down side. On the upside we could see the test of previous highs at 1158.75-1161.75 S&P500 day trading course mid term trading charts 30 min. [caption id="attachment_2256" align="alignleft" width="204" caption="S&P500 day trading course 30 min "]S&P500 day trading course 30 min[/caption]

S&P 500 day trading course

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