Wednesday, November 3, 2010

S&P500 day trading course price action post fed

S&P500 day trading course looking at price action after the fed.  As mentioned earlier we are in a  bullish channel within a longer term bullish channel. [caption id="attachment_3367" align="alignleft" width="185" caption="S&P500 day trading course"]S&P500 day trading course[/caption] Looking at the S&P500 emini futures contract on a 240 min chart we can see that even with the news the price action stayed contained with in the supporting and resistant trend lines on the longer term time frame. Point of control on the day is at 1193.75 Sellers were in control for most of the day.

S&P 500 day trading course

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