Monday, April 11, 2011

Day trading course short term targets day trading tips

Day trading course short term targets day trading tips on the S&P500 emini futures. [caption id="attachment_3694" align="alignleft" width="300" caption="day trading course short term targets"]day trading course short term targets[/caption] Watch for head fakes in this area as we are stuck in this consolidated range to 1330.  Point of control is 1328 and sellers are in control. Resistance coming in at the swing high of 1330.25 and then the previuos high of 1336 . Support coming in  1325 then 1322 and 1319. Looking for mostly consolidation in this area. The US government came up to a compromise on the spending plans, averting a shutdown of the government and the Dollar regained some lost ground after weakening most of last week. The Dollar hasn't been able to strengthen as desired after the news as risk-appetite continues to dominate strongly with the high-yielding currencies and commodities forming new highs against the Dollar. The concern was centered on the risk of a total government shutdown; gains in the greenback were trimmed before Fed's Yellen speaks on the economic outlook and monetary policy. Yellen said April 9 that the U.S. recovery doesn't warrant a reduction in the central bank's record monetary stimulus and defended a plan to buy $600 billion in Treasury securities through June. Most analysts see no recovery for the dollar in coming months on expectations the Fed will delay raising rates after the end of its asset-purchase program  

S&P 500 day trading course

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