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Tuesday, August 24, 2010

S&P500 day trading course inverted head and shoulders.

S&P500 day trading course inverted head and shoulders. Price action in the S&P500 emini futures is pointing towards an Inverted Head and Shoulders with support at 1036.75. We could consolidate at 1049.25 on the way down there. [caption id="attachment_2508" align="alignleft" width="203" caption="S&P500 day trading course Inverted Head n Shoulders"]S&P500 day trading course Inverted Head n Shoulders[/caption] Resistance will be at 1059.25 for resistance and yesterdays close of 1065 for the gap. Point of control for the day will be 1056. Housing news is getting worse and worse. Looking for a continuation down in housing prices this fall and further foreclosure in the commercial sector as more over leveraged loans are called. Many factors to keep this market down. If the bond market collapses soon we could see hyper inflation set in.

S&P 500 day trading course

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box