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

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