[/caption] Point of Control on the S&P500 emini future is 1340 in the afternoon session, this is the turning point to continue the longer term bullish channel. If the sellers keep control under the 1340 mark we can see new lows to 1332.50 and 1325. area for support. Day traders have predominately sold off in the am and lunch time hours. A re tracement to 1346-48 area in to the close would be a normal move. Resistance coming in at the 50 MA Purple and the 200MA red. with further resistance at the pre Ladin swing high at 1360. The false move to the 1374 area was a fluke, but does make it easier to attain the extreme high of 1381.25 in previous week. Day trading course S&P500 price action Day trading tips. Keep watching as earnings will reveal some interesting Dynamics as profits will come to an end as the unemployment figure as related to the long term effects of ridding your firms of employees starts to see diminishing returns in long run. Normally after 1 year. S&P 500 day trading course
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