Friday, January 7, 2011

S&P500 day trading course price action pre market

S&P500 day trading course pre market price action on the S&P500 emini futures contract. [caption id="attachment_3461" align="alignleft" width="262" caption="S&P500 day trading course price action"]S&P500 day trading course price action[/caption] Point of control for the day is 1272.50 with resistance coming in at 1277.75, if we get some buyer commitment at these levels 1282 and then 1289 will act as further resistance with an extreme high of 1303. Support came in at 1264.50 with the sellers inability to take it through to new lows. News will be pre market and 3:00 with the gap at 1270.25.

S&P 500 day trading course

S&P500 day trading course price action Employment news

S&P500 day trading course support and resistance and price action for the S&P500 emini futures contract.  It seems the months, if not years of pent up investing is peaking its head from the dark hiding place it was once in.  The knowledge of the Fed buying most of the Bonds coming through the treasury these days has led to investors moving to new vehicles and the Equities market is benefiting from it.   For those investors, including the Fed that have been buying bonds recently in this bond bubble, are now having their heads served to them.  It is estimated that even the Fed has lost around 10 billion dollars in todays price as interest rates have blossomed and price for bonds have gone down.  So as the Fed has been purchasing most of the bonds over the past few months, the prices have been going down meaning these bonds bought with tax payer money, are worth less and less. The S&P500 is experiencing a small surge in buyer commitment and is lifting the markets to new highs.  Following is a weekly chart with price projections and point of control for direction. [caption id="attachment_3457" align="alignleft" width="280" caption="S&P500 emini futures day trading weekly chart"]S&P500 emini futures day trading weekly chart[/caption] The point of control for the weekly chart is 1250 and presently the buyers are in control. Looking for 1320-45 will be a congestion zone if we get there in Mid February. Extreme high by march 20 of 1360-1368.  If we stay above the POC. Support to come in at 1220, and 1245.

S&P 500 day trading course

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box