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Thursday, May 13, 2010

S&P500 day trading course pre open

S&P500 day trading course pre open support and resistance. [caption id="attachment_2278" align="alignleft" width="204" caption="S&P500 day trading course 15 min chart"]S&P500 day trading course 15 min chart[/caption] Point of control is 1157.75 support at 1154.25 if we break below that then we are looking for 1142.25 and an Extreme low of 1119.50 If it is a low volume Friday watch out for the close and lunch when the London market closes, we could see some volatility. on the upsdie 1161.75  is first resistance, 1168.75, then 1171.25.  Again if it is low volume watch for a run up to even 1179.50 . I don't see any volume commitment at these levels to put up much of a fight, yet there is a number of players that will pull their bids if there is a sell off.  Would not be surpirsed to see large moves if there is a sell off. Watch yourself and always use your stops.

S&P 500 day trading course

S&P500 day trading course London close

S&P500 day trading course London close and the direction for the day. [caption id="attachment_2266" align="alignleft" width="204" caption="S&P500 day trading course 15 min chart"]S&P500 day trading course 15 min chart[/caption] The major trend lines in this bearish channel give our direction for the day.  I see no volume commitment that will enable us to break through the support at 1142.50.  Check the daily chart below to see the areas of support. Looking for a bounce to 1168.50 and if buyers are firmly in control a move to 1170 area. If we get a volume increase I would look for some selling into the close with 1161.75 as the low. Coming on the 200Ma furthering support at 1160-61 . Tomorrow could be some fireworks as we are heading into the weekend.  Expecting to see another push up on the EURUSD that might bring our markets a touch higher. S&P500 day trading course daily chart. [caption id="attachment_2267" align="alignleft" width="219" caption="S&P500 day trading course daily chart"]S&P500 day trading course daily chart[/caption] Resistance at 1175.  This is the level I put up three days ago. The area between 1161.25 adn 1175 is where I am looking for this market to consol [...]

S&P 500 day trading course

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