Wednesday, September 22, 2010

S&P500 day trading course price action

S&P500 day trading course live day trading room looking at price action on the 30 min chart. [caption id="attachment_3294" align="alignleft" width="216" caption="S&P500 day trading course"]S&P500 day trading course[/caption] S&P500 emini future contract hit the extreme high of 1144.25 we set last week. The first resistance is 1137.25 and Point of Control is 1132.50 for direction on the day. So far the sellers have been in control. Price is consolidating between the POC and the 200 ma. Some price failure to 1127 with buyers coming in around the 1129 area. There is some support on the 200ma at 1129 with the next area of support at 1122.25 and the next area of support running to 1117.25

S&P 500 day trading course

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