Tuesday, January 11, 2011

S&P500 day trading course price action

S&P500 day trading course live trading price action on the S&P500 emini futues. [caption id="attachment_3465" align="alignleft" width="226" caption="S&P500 day trading course price action calgary"]S&P500 day trading course price action calgary[/caption] Point of control for the day at 1268.50. There is resistance heading into 1272.50  and then at our previous swing high of 1277.  Looking at an extreme high of 1289 if we can break through this area. As mentioned on a previous daily chart the S&P500 emini futures contract will have a consolidation zone from 1260 to 1270 before it gets any commitment from buyers or sellers. The 55ma is moving in at support for 1265.25 with more support at the swing lows of 1258.75 and 1255.  Looking for an extreme low of around 1240 on a sell off. A bit of news tomorrow, and fed as well as treasury news coming out to.  Could stall the volume until after the FOMC meeting notes are out.

S&P 500 day trading course

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