Wednesday, June 23, 2010

S&P500 day trading course intra day trading

S&P500 day trading course intra day trading 30 min before the close watching the test of the POC for direction.  The S&P 500 emini future has not been able to gain the commitment to take it to the new highs. [caption id="attachment_2337" align="alignleft" width="210" caption="S&P500 day trading course intraday chart "]S&P500 day trading course intraday chart [/caption] 1087.50 is the point of control for the direction today.  Watch for the break down into the close.  This could be the signal for a slight retrace in the after hours and then the move down on the open. Will be looking for a gap down in the after hours though. Bears are taking over in a very gradual  sell of all new highs, the commitment is in getting out of these positions. Will be watching the close to the daily as more and more bad economic news is pouring out.  Housing is a disaster and we are looking at a fed that will soon have to raise interest rates which will push more buyers away. Even the investors are staying away which is a rare occurrence in the market place.

S&P 500 day trading course

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