Tuesday, November 30, 2010

S&P500 day trading course buyers lacking commitment

S&P500 day trading course, buyers lacking commitment, Dollar strength is holding market down even as we are entering the next phase of the Invisible Hand. Whether Goldman Sachs is rolling some of the QE4 billions into some equities and futures contract is left to be seen. We have an decreasing commitment on buyer side to hold this up as we test the previous swing lows. [caption id="attachment_3399" align="alignleft" width="276" caption="S&P500 day trading course price action into support"]S&P500 day trading course price action into support[/caption] Looking at a point of control around the 1183.25 mark on the day, presently buyers have retraced the contract back above here. Next area of support from here is the 1171 swing low the n1168.25 and an extreme low of 1155. A rally on the Euro could push these markets back up but would expect to see some resistance around 1190.50 and then 1200. Our next swing high target is 1208 then to 1217. If sellers are to jump in front of this train it would be under some kind of intervention as manipulation of Consumer confidence figures have done in the past. It is always three months later when get the adjustments that we get to see the real picture. Watch for a break down in Gold too as we are hitting resistance and could see a H&S execute. That would really push this up.

S&P 500 day trading course

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