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Thursday, March 31, 2011

Day trading course S&P500 day trading tips

Day trading course S&P500 day trading tips [caption id="attachment_3661" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips charts"]Day trading course S&P500 day trading tips charts[/caption] Consolidation day.  As mentioned in yesterday's daily chart.  Watching  for price to bounce back and forth in the Congestion Zone from 1320-1326. Watch for short term head fakes, break out trades could be difficult. 50Ma is coming in adding support........... Day traders are watching this area and seeing no distribution.  Support coming in t 1315 then 1308  and again at 1302. Point of Control is 133.25 Looking for a few more tests on the 50 with a break to the supporting trend line then a move up to new highs. Ireland is reporting on their banking situation before noon.   Could impact the markets.  More than likely it will be blown over and not noticed. Trade what you see.  Remember to watch the bullish channel supports and don't get caught in head fakes. Day trading course in Calgary, Edmonton and Toronto coming up.

S&P 500 day trading course

Wednesday, March 30, 2011

Day trading course S&P500 day trading tips daily chart targets

Day trading course S&P500 day trading tips daily chart targets [caption id="attachment_3656" align="alignleft" width="233" caption="day trading course S&P500 daily chart"]day trading course S&P500 daily chart[/caption] Off of the previous swing low we see price failure and a move up to 1393.  We are seeing a series of bull flags that are pushing us to previous swing highs. 1315 was the daily point of control and buyers have taken this away. We are on our third leg up of this move from 1240 and looking for some consolidation 1320-1328.  Could be choppy tomorrow. Support at the POC. Volume is slowing down again on this move up.  WE are closing the day at 1.5 million contracts.  A lot of the movement (buying) is occuring in the after hours session. We had capitulatory volume on the S&P500 emini on a 4 million contract day which signaled the end of the sellers in the mid term continuing the move up. Bernanke has more time on his QE2(3) and funds headed into the market until June.  If so the extention to 1410 would fall in line with this pattern.  We have some rough patches to go through as Oil goes higher and the US consumer deals with price inflation with food going into this summer. 80% of the economy is consumer oriented, price inflation will cause a decrease in overall consumption especially as gas prices increase.  Yesterday I filled up at $4.06 a gallon.

S&P 500 day trading course

Tuesday, March 29, 2011

Day trading course NY close targets hit. Day trading tips.

Day trading course S&P500 day traders. [caption id="attachment_3652" align="alignleft" width="286" caption="Day trading course S&P500 day traders tips "]Day trading course S&P500 day traders tips [/caption] Day trading course levels from earlier this week as targets were hit and support and resistance proved remarkable to hold these areas of consolidation. Our Point of control was 1305.75 with a break out with buyer control over 1308.  Our resistance into the close was 1314.75. Day trading volume was low today.  So another sign of POMO money and the invisible hand of the Fed. Will post another set of charts with new point of control this evening.  Please subscribe and you will get it automatically to your in box. Trade  what you see.  Remember the market prices in most news before it is released so what you hear the pundits say after most market moves is nonsense. Let the news go.  

S&P 500 day trading course

Day trading course - Focus on what works.

Have you spent time thinking about what went wrong and why some thing occurred? For every minute you spend thinking about those things, spend 5 min thinking about what is working and what are the nuances behind that success. Journal, meditate, run and sing about it if you have to, but focus on what is working and what it gives you. What you focus on expands. It is easy for the critical mind to gather your focus on what isn't working. It takes a disciplined mind to work on what is giving you Mastery. It is what you do well that pays you. We will be having the "Motion of Mastery" advanced trading session in Calgary April 19. This is a break through process on Mastering which applies to anything you do. You will experience the process of Mastery and be able to see where you are in the process at any moment. We will also apply this to price action and your business strategy. Check out the charts on http://www.tradingonlinemadeeasy.com and http://www.moneymakeredge.com/blog , this is there for you to use, to see different perspectives on price action. Remember, always let the trades come to you. [caption id="" align="alignleft" width="616" caption="Cutting a fast pitch Baseball in half. Day trading."]Day trading course "Mastery in Motion"[/caption] This is a Japanese swordsman cutting a fast pitch baseball in half.  Wouldn't it be nice to have a little Mastery?  

S&P 500 day trading course

Monday, March 28, 2011

Day trading course chart on move to support day trading tip

Day trading course S&P500 emini futures day trading course tips watching as 15 min chart approaches support. [caption id="attachment_3639" align="alignleft" width="286" caption="Day Trading Course 15 min chart support target"]Day Trading Course 15 min chart support target[/caption] The S&P500 has broken through the consolidation zone on the 15 minute chart as mentioned this AM. 1310 was the supporting trendline break with a further move to the supporting trendline.  1304 is the down side target then 1294 as an extreme low. 1300 is an area of we could see some support as the bulls don't want this to close below.  Maybe the invisible hand of the fed will step in to get us back on track. 1304 will be on the horizon soon. Trade what you see.  

S&P 500 day trading course

Day trading course S&P500 day trader tips 240 min chart

Day trading course S&P500 day trader tips 240 min chart with Point of Control and support and resistance on the 240 min S&P500 emini futures day trading chart. [caption id="attachment_3635" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips POC"]Day trading course S&P500 day trading tips POC[/caption] The S&P500 emini futures contract is in a consolidation zone from 1308-1314. The point of control is 1312 with buyers in control above here and sellers in control below here. The first level of support we are seeing is at 1309 then 1304 which is just under the 200MA. The next area of support is at 1294 and then 1279.75. It would not be unusual to test down to 1294.75 vefore a larger move up to 1331 and a double top at 1338 (previous contract level of 1342. We hae resistance at 1316 for a break out to new highs to 1322.50 and then a move to 1331. Remember with QE3 in full effect and the purchasing of Bonds we are going to keep seeing support in the market.  The invisible hand is giving us lift even in this low volume environment.    Don't be surprised to see new highs coming in through April. We will be having a day trading course in Calgary April 16-18 with an advanced trading day on the 19th.  Our course has many high impact learning activities that will give you the edge to trading the markets.  Join us.  

S&P 500 day trading course

Saturday, March 26, 2011

Day trading course Calgary day trading course April 16-18

[caption id="attachment_3628" align="alignleft" width="251" caption="Day trading course Calgary day trading course "]Day trading course Calgary day trading course[/caption] [caption id="attachment_3628" align="alignleft" width="251" caption="Day trading course Calgary day trading course "]Day trading course Calgary day trading course [/caption] Day trading doesn't have to be an all day affair. Our Day traders learn how to trade about 15-45 minutes a few times a week. Most day traders spend too much time focusing on the holy grail, the "answer" to trading and making money in the markets.  The Money Maker Edge gives you new tools to take profit out of the market. How  would you look to have some new tools that can get you to take more action in your life?  How would you like to be able to take risks and stay in the game with a higher energy and know that you will be able to play again and again. The Money Maker Edge day trading course includes the high impact interactive activity Run A Risk.  This is where you will learn about how you participate, how you let your outcomes control you and see new ways to approach the game you play in life, in money, and more.  This is a key to changing your Risk paradigm from waiting, to doing.  You will be able to see tha [...]

S&P 500 day trading course

Friday, March 25, 2011

Day trading course S&P500 day traders tips Chart

Day trading course S&P500 day traders tips Chart updated chart for the S&P500 emini futures market. [caption id="attachment_3622" align="alignleft" width="297" caption="day trading course S&P500 day trader tips"]day trading course S&P500 day trader tips[/caption] Watching for this to break through1315 for the test on 13 21 and then a continuation to 1330.  the point of control was 1305.50 Today is a POMO day.  Fed buying treasuries today so expecting to see a low volume lift. More than likely will consolidate around 1314-16 until we see some commitment. The resistant trendline is also coming in at 1314-16 so once we see if the day traders are going to buy or sell is the key. Watch for this to get a bit of price failure through here.  If that is the case then support will be at 1305.50 then 1302 and then an extreme low 1296.25. Might see some volatility at 3:00 and at the close.

S&P 500 day trading course

Thursday, March 24, 2011

Day trading course S&P500 day trading targets

Day trading course S&P500 day trading tips looking at the S&P500 emini futures contract targets. [caption id="attachment_3617" align="alignleft" width="297" caption="day trading course day trading tips daily targets"]day trading course day trading tips daily targets[/caption] WE will hit a bit of resistnace around 1302 and see some consolidation before a break to 1305.75 on the 200MA. If this rally continues with some increasing volume day traders could take this to 1313.75 and then next resistance of 1318.75. The inverted head and shoulders could play out to 1330 where we will hit resistance and then a target of 1342 as the previous swing high.  As mentioned on the monthly chart previously if we take out the 1365 area. Day trading targets in green with support in Red. Buyers are in as we are above the POINT OF CONTROL at 1297.50. Dollar is getting creamed on this one as Europe is controlling their Money supply with Interest rate hikes.  The shine of the Dollar is wearing off. [caption id="attachment_3618" align="alignleft" width="236" caption="Day trading course dollar index reversal to new lows"]Day trading course dollar index reversal to new lows[/cap [...]

S&P 500 day trading course

Tuesday, March 22, 2011

Day trading course S&P500 weekly chart Day trading

Day trading course S&P500 weekly chart Day trading watching the S&P500 emini futures contract on the weekly chart.  Day traders are watching these levels and taking a break today after the past few days of movement.  We had a very low volume cross the board. [caption id="attachment_3610" align="alignleft" width="300" caption="Day trading course S&P500 weekly chart Day trading"]Day trading course S&P500 weekly chart Day trading[/caption] Watching 1278 to 1301 as a congestion zone on the weekly.  This is framed by two points of control. If day traders sell this below 1278 then the sellers will be in control.  If day traders buy this through 1301 with a close on the weekly then the buyers will be back in control. The 50 Ma is moving up and pretty close to crossing 1200.  This is a great area of long term support.  If price goes through here we would be looking for a sell off. We have resistance comin in at 1327 and also at the previous swing high of 1342. Watch out on the news as Japan, Oil, Libya, Egypt and Europe credit spreads could be cycling through the market. We have had our eye off the ball as the international news has kept us from focusing on the larger picture of our Money Supply and the crazy antics of our Keynesian Money party.

S&P 500 day trading course

Monday, March 21, 2011

Day trading course daily targets S&P500 day traders

Day trading course S&P500 day traders targets on the 240 min chart.  S&P500 emini futures contract support and resistance. [caption id="attachment_3606" align="alignleft" width="300" caption="Day trading course targets S&P500 day traders"]Day trading course targets S&P500 day traders[/caption] Our call for a rally on Monday was right on the nose with all targets filled on this move up from the point of control at 1285. The S&P500 day trading course has set targets for resistance at 1294.50, 1299.25 and 1308.25 just above the 200ma, for an extension of this AM move up. Day traders can see we have support in at 1289 then, 1285 on point of control and 1281 on a retracement from the swing low at 1272. If buyers are losing commitment on this move up we could see some of these support targets coming on. Japan's market is closed on Monday for a National holiday so some of the volatility will be out for the day.  Watch in the evening as the Nikkei opens and we could see some movement on the S&P500 futures contract on the low volume.  Watch out. Don't get caught in an after hours open if there is move bad news on the reactors.  There are a lot of speculators that looking for Japan and Insurance companies to bring dollars in to pay for the destruction so Market Makers are hammering the YEN.  Central Banks are stepping in, but futures market in Yen is getting hammered with large holds against the currency.

S&P 500 day trading course

Friday, March 18, 2011

Day trading course price targets S&P500 day traders

Day trading course S&P500 day traders price targets on the S&P500 emini futures Friday mid afternoon session. [caption id="attachment_3603" align="alignleft" width="300" caption="day trading course targets friday mid session S&P500"]day trading course targets friday mid session S&P500[/caption] We are still in a bearish Channel and have yet to test the resistant trend line.  We have moved through a 61% retracement and are looking for closing targets around 1285 on the upside or 1272 on the downside. Day traders have consolidated the price action around 1278-80  with some price failure to the upside. The commitment of buyers at this time is weak and might need to retest the support at 1272-1270 sto then make a move back up on Monday or Tuesday this next week. Remember financials are not connected to the economy when corporations are cutting back inventories and employment.  They are moving inverse to the general economy. Forget the news and watch the technicals. The 50ma is coming in tat1286 area and will act as a bit of resistance at this point. European day traders and Asian Day traders are closing their sessions.  Expecting a run up into the European close to close on some of the open gaps. Lots of volatility playing out here as Libya, Saudi Arabia, Armenia are approaching their governments to create democratic freedom. Hats off to the men fighting the reactor meltdowns in Japan, they are risking their lives for their country.  

S&P 500 day trading course

Thursday, March 17, 2011

Day trading course weekly chart S&P500 day traders

Day trading course weekly chart S&P500 day traders.  The S&P500 emini futures ran up 30 points in the over night.  Amazing we get this kind of low volume move in the after hours. [caption id="attachment_3599" align="alignleft" width="288" caption="Day trading course weekly chart S&P500"]Day trading course weekly chart S&P500[/caption] The weekly chart of the S&P500 shows us a very clear continuation pattern of the Inverted head and shoulders. Have added a Fibonacci retracement on this swing up to gauge the move down. You can see some major support on the weekly chart around 1210-1215 with the first area of support coming in at 1262.  The weekly is presently showing some price failure in this area which could indicate that this down side move will turn.  We practically touched the Supporting trend line with this price failure. A pattern to look for will be on the opening of next weeks bar, if the candle stick stays within the real price of this weeks candlestick and  test and retraces to 1300, then we might see test to the top.  This could give us a double to in a few weeks. Quantitative easing has not yet ended, so watch out.  Don't get a crush on this down side.  A lot of traders are ignoring the charts and are trading what they see in the economy and getting squeezed out. Remember, the technicals and forget the news.  You don't have to trade the extreme volatility to make money in this market. If you are feeling left out, then you better refer to your business strategy and your quantified results.  Sitting out during this high volatility could save your acc [...]

S&P 500 day trading course

Wednesday, March 16, 2011

Day trading course S&P500 long term targets chart

Day trading course S&P500 emini futures longer term charts looking at support and resistance. [caption id="attachment_3594" align="alignleft" width="300" caption="Day trading course long term targets S&P500 day traders"]Day trading course long term targets S&P500 day traders[/caption] Support has come in at 1243 which was previous extreme low.  Next extreme low coming in at 1210.  If we break to these levels and stay below 1265 then we might start the second of three legs down with 80 more points down targeted from a retracement. 1259 is a key price for buyers to get back in control of direction. We shall see in after hours this evening as Asia markets open and the Nikkei sets the tone.  Remember after hours there is low volume and some times there is alot of volatility on news. Seems like Europeans are basically pointing the finger towards Japan so no one will notice all the problems there.  A little misdirection. There will be a bit of resistance at 1252-55 and then 1269 and 1275. Day trading course in the S&P500 emini futures. Trade what you see, and watch out for the news.

S&P 500 day trading course

Day trading course Challenging support S&P500 chart

Day trading course, S&P500 emini futures are challenging the support as sellers move back in.  We consolidated at the lows during lunch as sellers make a weak attempt at breaking support. [caption id="attachment_3586" align="alignleft" width="289" caption="Day trading course sellers challenge support"]day trading course S&P500 challenges support[/caption] Looks like a break of these lows will be coming on with this sell off. next stop 1247. 1239 extreme low. Watch  for the volatility.

S&P 500 day trading course

Day trading course S&P500 day traders "Sky is Falling"

Day trading course S&P500 emini futures day traders.  The EU did a chicken little this AM throwing panic into the S&P500 emini futures.  Their comments:
  • EU Energy Chief says possible catastrophic events in next hours
  • EU's Energy chief says situation at Japan nuclear plant is out of control
Glad the EU's Energy chief was working to instill calm and suggesting pro active measures for the safety of the Japanese people. The next comment might look like this,"  RUN FOR YOU LIVES, ALL IS LOST!"   yet when we look at the EU financials everything is under control and "we see the euro as very stable" Here is the chart of the 20 point drop on the ES.  S&P500 emini futures. [caption id="attachment_3581" align="alignleft" width="289" caption="S&P500 day traders EU commisioner says Sky is falling."][/caption] Certainly was a beautiful mid term double top at 1282.75 with lower highs into the open this morning. We blew through support at 1268 when the EU Energy commission decided to sound off the sirens. Low of 1256.  going to stay on the side lines as this news driven volatility is bad on stops. Could be going into a bearish pennant on longer term charts. With the Fed behind the bond purchasing this week, would expect this to rally on light volume. The real determinate will be what we see with the Japanese Nuclear plants. Japan is in a real mess with its economic capital still in shambles, homes still don't have running water, roving brown outs, a complete lack of power and [...]

S&P 500 day trading course

Tuesday, March 15, 2011

Day trading course FOMC and crazy Keynsians.

The Federal reserve, a group of private bankers controlling US money supply for their own personal gains, made this bold statement: The recent increases in the prices of energy and other commodities are currently putting upward pressure on inflation. The Committee expects these effects to be transitory, but it will pay close attention to the evolution of inflation and inflation expectations. The Committee continues to anticipate a gradual return to higher levels of resource utilization in a context of price stability. Guess what?  The Dollar index shows that his could just be another pipe dream. [caption id="attachment_3577" align="alignleft" width="236" caption="Day trading course Dollar index breaks support"] Dollar index breaks support[/caption] We have a break of support at 77.40 which is also breaking a long term supporting trend line.  Support at previous swing low 76.50 is on low volume and the sell shadow for today's session could take us to new lows. This will also show up as weakness with Euro/Yen and the Swiss Franc. This will show up in oil, food and metals as price inflation. Again the Fed is using terminology which most don't understand so that they can keep control of the treasury's printing presses. Day trading course.  

S&P 500 day trading course

Day trading course S&P500 day traders mid session price projection

Day trading course S&P500 day trading course mid day session before close looking at consolidation zone and are for closing price on the S&P500 emini futures. [caption id="attachment_3573" align="alignleft" width="289" caption="Day trading course S&P500 consolidation zone and price projection"]Day trading course S&P500 consolidation zone and price projection[/caption] Point of control into the closing is 1273.  Above here buyers are in control. Consolidation zone in the blue rectangle.  The S&P500 will typically close with in 2 points of this range. The green resistant horizontal line is a price target for resisistance, on the way to the 50ma in purple. More resistance can come in at 1283 and then 1292. Dependant on what news comes out of Japan with the reactor, and if the European financial crisis pops back in to the news for front. Our extreme low held at 1251.  We shall see what happens in the over night and check on the over all volume on this move up and the end of session. Join us in Montreal April

S&P 500 day trading course

Monday, March 14, 2011

Day trading S&P500 Day trading course Japan crashes

Day trading course S&P500 Day traders looking at S&P500 emini after hours price action. [caption id="attachment_3568" align="alignleft" width="300" caption="day trading course S&P500 after hours 3-15 Tokyo collapse"]day trading course S&P500 Tokyo collapse[/caption] Point of control for this sell off  is coming in around previous swing low of 1280. the break down off of 1285. The area to 1280 looks like it could be a consolidation zone to 1285.  If the bulls can't get another QE2 injection this is where we can consolidate to1235. As mentioned last week 1265 is the extreme low to be watching.

S&P 500 day trading course

Sunday, March 13, 2011

Day trading course Philadelphia, day trading

[caption id="attachment_3558" align="alignleft" width="75" caption="Day trading course Philadelphia"]Day trading  course Philadelphia[/caption] Day trading course, learn how to take money out of the market. Money Maker Edge is coming to Philadelphia, Pennsylvania for the first time May 14-16 . Be one of the first people in your area to experience this highly charged trading seminar that promises to be like no other you have ever attended! The difference is that you are not just attending this seminar, you will be experiencing this seminar with full hands-on experience from start to finish. Why is this course for you? [caption id="attachment_3559" align="alignleft" width="300" caption="Day trading course Philadelphia"]Day trading course Philadelphia[/caption] Have you ever got out of bed in the morning thinking, ug, do I have to go to work again today? Have you ever wondered if there was another way to earn money without fighting traffic, people and managing all sorts of time contraints? Do you feel that you spend too much time with your colleagues at work and not enough time with your family? It's a vicious circle and is so elloquiently put as the "Rat Race." Do you want to get out but just don't know what other way there is to earn money? Then this course is an absolutely MUST for you. This is your ticket [...]

S&P 500 day trading course

Wednesday, March 9, 2011

Day trading computer - how to maintain Day trading course

Day trading computer - how to maintain  Day trading course  Getting your computer ready to trade with a little upkeep. 1. Defrag your day trading computer weekly. If you haven't done it in a while (or ever) Do it two or three times . 2. These are two programs I use to clean up my day trading  computer and to get the registry keys cleaned up. These are free editions. http://www.superantispyware.com/download.html Glary Utilities 3. Please do your own research, I am telling you what I use. There is bound to be better. Send me a comment if you have tweaks that work and I will update. 4. Don't use skype while trading, sucks up bandwith. 5. On the Glary utilities you can go through your start up menu and disable the programs you don't use or have to have when you startup. 6. I use google chrome as a browser. Less likely to introduce worms, viruses to the computer. 7. Use another computer to do email and IM. 8.  Check with your broker to see if they have any preferred settings for the day trade computer.  Also check the preferences of your program to see that you have at least the minimum RAM. I use two computers to trade with and have a surge protector and 15 min battery power for my computer, and modem.  

S&P 500 day trading course

Day trading course Day traders S&P500 final hours

Day trading course Day traders S&P500 emini futures final hours of session. [caption id="attachment_3552" align="alignleft" width="300" caption="Day trading course day traders S&P500"]Day trading course day traders S&P500[/caption] Rough day of consolidation as we are narrowing into a break out .  Buyers have a slight edge going into the last hour. Point of Control is 1317.50 with break ot to continue bullish move over resistance at 1327 then 1336 and then previous swing high at 1344-45 area. If we break under the 1305 we have 1295-97 as an area of support. Mid term support on this bullish channel to keep direction would come in with a break of 1265   Day trading course, day traders we are having a 3 day trading workshop in Toronto, March 26-28 followed by a course the next weekend in Montreal, Quebec. Day trading and Day trading course for the Money Maker Edge Trading course.

S&P 500 day trading course

Tuesday, March 8, 2011

Day trading course S&P500 day traders education

Day trading course S&P500 day traders education  looking at the S&P500 emini futures on a 480 min chart for direction. [caption id="attachment_3548" align="alignleft" width="300" caption="Day trading course S&P500 day traders education"]Day trading course S&P500 day traders education[/caption] Looking at the S&P500 emini contract we are coming into an continuation pattern on the Longer term intraday trading charts. In a bullish channel when the price action breaks to a pennant form we are looking for a break from tho point of control at 1320. and a break  of the supporting or resistant trend line. Watch for resistance at 1335 then previous swing high levels at 1343-5 and then a move to the midterm target of 1365 and the extreme high of 1385 which would be an equidistant move on up. For support the previous long term target we carried from the bottom to 1265 which I am expecting to act as an extreme low until the Quantitative easing is finished. Will post a shorter term chart with daily targets tomorrow AMbefore the session begins. Remember One of the biggest battles one fights is not with the outside world (the markets) but getting congruent with the inside world (yourself).  JW Money Maker Edge Trading course.

S&P 500 day trading course

Thursday, March 3, 2011

Day trading course Montreal Day trading course April 2-4

Day trading course Montreal Day trading course April 2-4 [caption id="attachment_3542" align="alignleft" width="240" caption="Day trading course Montreal S&P500 day trading course"]Day trading course Montreal S&P500 day trading course[/caption] Money Maker Edge is having a three day live seminar in Montreal, Quebec April 2-4, 2011. There will be two days of intense training and one day of live trading with a professional trader. The emphasis of the day trading course is to get fundamental skills for Mastery, there is 13 weeks of follow up and a live trading room included so you don't have to trade alone. Have you noticed that most investors have ended up being a victim of the markets? If you have ever been interested in controlling your own finances and not leaving your investments in others hands, join us for a three day live training seminar in Montreal, Quebec April 2-4, 2011 where you will learn how to get back financial control of you r investments. S&P 500 emini futures Training will be held with a small group of 10-20 traders. The day trading course includes: [caption id="attachment_3543" align="alignright" width="300" caption="Day trading course Montreal S&P500 day trading course"]Day trading course Montre  <a href=[...]

S&P 500 day trading course

Day trading course S&P500 day trading course Resistance

day trading course S&P500 day trading course 60 min 3-4 [caption id="attachment_3538" align="alignleft" width="255" caption="day trading course S&P500 day trading course 60 min 3-4"]day trading course S&P500 day trading course 60 min 3-4[/caption] Point of control on the 60 min chart is 1331.75 as we are approaching this resistant trend line. Prevcious swing high resistance at 1336.25 then the previous highs of 1343. Looking for a break above to 1348 then major resistance at 1352 and then 1363-5. The S&P500 emini future has been making moves through support and resistance in the after hours setting up break outs from the open. Watch for after hours move through the resistance. Support is coming in fairly close to these highs which could be a good zone for them to get the momentum to approach this ceiling if we don't get through in the after hours. If price breaks through 1323-25 area would be looking for support at 1314.25 then 1303, 1295-97 with an extreme low of 1289. day trading course S&P500 day trading course 60 min

S&P 500 day trading course

Day trading course S&P500 day trading course weekly chart targets

Day trading course S&P500 day trading course weekly chart targets [caption id="attachment_3534" align="alignleft" width="297" caption="Day trading course S&P500 day trading course weekly chart targets"]Day trading course S&P500 day trading course weekly chart targets[/caption] S&P500 emini futures is showing a weekly chart with a test down and some price failure. Looking at this range and having stayed above 1300 support the point of control for this week is 1326.25. If we aren't able to close the week out above 1342 and close around the point of control we might have another week in this consolidated range. Oil prices are pushing domestic gasoline prices up. If this keeps its momentum and oil prices increase we could see another small hit to consumer spending. Price inflation seems to be breaking out. How this will reflect on the S&P500 is yet to be seen as there is normally a quarter lag to any price inflation on the S&P500. Support is coming in at 1298-1302 with further support at 1260, then 1180. 1360-65 would be an equidistant move up from 1000. Could get a little choppy here. Join us in Toronto this March 26-28 for a three day day trading course. Day trading course S&P500 day trading course weekly chart targets

S&P 500 day trading course

Tuesday, March 1, 2011

Day trading course S&P500 day trading course price collapse?

Day trading course S&P500 looking at areas of support and resistance on the S&P500 emini future price action. So the big question is: Is the Market going to experience a sell off at these levels? Is the sham of our increasing market valuations just a reflection of dollar value or Fed purchases of bonds and the subsequent purchase of equities by the brokers holding against the bonds. Let's look at the charts. [caption id="attachment_3531" align="alignleft" width="300" caption="day trading course S&P500 "]day trading course S&P500 [/caption] The S&P500 has a lower high with price failure on the second move up. Historically we can see in other charts that this pattern has shown up more on a longer period chart. If this was the daily chart I would be looking for the collapse after a bit of consolidation a further retrace. As it stands there is no fear until it breaks some more key levels with a bit more commitment. Sellers are not selling off, they are settling accounts and washing out some of the short term investors that have been buying in at these "safe levels" . When we see a bit more of a sell off, I will be checking buyers commitment at lower levels. Interesting to see that the moves down on the S&P500 emini future are after hours and create an easy path way for price to move through after the open. We have a few open gaps here and would not be surprised to see some early am retracement to 1309 amt 1321-22 area. This would make it easy for the approach on previous highs later this week.

S&P 500 day trading course

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