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Tuesday, November 30, 2010

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"]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

Wednesday, November 24, 2010

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"]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

Friday, November 19, 2010

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"]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

Wednesday, November 17, 2010

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"]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

Tuesday, November 16, 2010

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"]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

Wednesday, November 3, 2010

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"]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

Monday, November 1, 2010

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 "]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

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