Monday, June 7, 2010

S&P500 day trading course daily chart targets

S&P500 day trading course daily chart targets during NY market. [caption id="attachment_2316" align="alignleft" width="226" caption="S&P500 day trading course inverted head and shoulders"]S&P500 day trading course inverted head and shoulders[/caption] We could be looking at an inverted Head and shoulders on S&P500 emini futures daily chart. If we close in a doji we could see another test up to the 1081 area.  This is key resistance and if we close above there, there is a good chance we close above the 1107 major resistance soon. Fundamentals are not showing this, just the pattern with an inverted head and shoulders.   Would be looking for a move back to 1175 if the neck line is broken and 1127 is breached with commitment. If the market stalls on the move up on the downside we are looking at support at 1035 and an extreme low of  1017.25. Light volume could keep feeding this markets mini rallies.  Euro is really effecting the direction here. If we get an over 5 million contract day will be looking for a break of 1000. We are going to be in Montreal June 19-21 for a three day trading seminar where we focus on price action, support and resistance and risk management.  Join us.

S&P 500 day trading course

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