Tuesday, June 1, 2010

S&P500 day trading course live room

S&P500 day trading course live room levels of support and resistance. [caption id="attachment_2308" align="alignleft" width="226" caption="S&P500 day trading course chart 6-2"]S&P500 day trading course chart 6-2[/caption] We are watching the S&P500 emini future in the after hours sink below the Point of control at 1075.25. We shall see who remains in control.  Looking for a break of the 1067.25 support and a test to 1056.25 during intra day trading . with an extreme low around 1049.75 and a sell off low to 1019 as mentioned previously. If we fail to move through this area in the next 3-5 days I would be looking for an Inverse Head and Shoulders pattern on the daily with an upside target around 1140. I see resistance on the upside at 1079.50 and further resistance as price moves to the 200MA. I think most Market Makers are sidelined as the Interest rate results will be out this week. Watch out for more news with Greece as the British Economists are encouraging them to get out of the Euro Zone.

S&P 500 day trading course

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