Wednesday, June 9, 2010

S&P500 day trading course intra day

S&P500 day trading course intra day trading chart coming into resistance. [caption id="attachment_2320" align="alignleft" width="221" caption="S&P500 day trading course intraday chart"]S&P500 day trading course intraday chart[/caption] open gaps  1156.25, 1112.75, and 1102.50, a gaps to the downside  at 972.25 and 902.00. We hit the major support at 1042. area and have been in a pretty tight up trend with lots of commitment. 1077.75 is holding a lot of resistance and we could bounce in this area until the end of day.  Next area of resistance is 1086.75 then 1099.75 and extreme high of 1106.75. For support we have the point of  control at 1067.50 then 1062.25.  Under here is a congestion zone which you can see on a daily chart with a test down to 1040 area. I have a sell off extreme low set for 1029.50.  Today we have an FOMC meeting at 2:00 so I expect us to consolidate into the meeting with some volatility coming in later.

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