Friday, May 7, 2010

S&P500 day trading course price action

S&P500 day trading course price action on the emini futures contract. [caption id="attachment_2228" align="alignleft" width="279" caption="S&P500 day trading course price action"]S&P500 day trading course price action[/caption] On  yesterday's sell off on the S&P500 emini future we are looking at support at 1089.50 and an extreme low support of 1069.50. Our Point of control for direction is 119.25.  I am looking for a test to the 55ema to 11:30. If there is not enough commitment in the market and it stalls here, we could consolidate into the close.  Price failure into 1130 area would not uphold the move and we might see a break of the previous swing low at 1090 area of support. Question is:  Who wants to hold into the weekend? Investors clearly are frightened of this kind of market.

S&P 500 day trading course

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