Tuesday, March 15, 2011

Day trading course FOMC and crazy Keynsians.

The Federal reserve, a group of private bankers controlling US money supply for their own personal gains, made this bold statement: The recent increases in the prices of energy and other commodities are currently putting upward pressure on inflation. The Committee expects these effects to be transitory, but it will pay close attention to the evolution of inflation and inflation expectations. The Committee continues to anticipate a gradual return to higher levels of resource utilization in a context of price stability. Guess what?  The Dollar index shows that his could just be another pipe dream. [caption id="attachment_3577" align="alignleft" width="236" caption="Day trading course Dollar index breaks support"] Dollar index breaks support[/caption] We have a break of support at 77.40 which is also breaking a long term supporting trend line.  Support at previous swing low 76.50 is on low volume and the sell shadow for today's session could take us to new lows. This will also show up as weakness with Euro/Yen and the Swiss Franc. This will show up in oil, food and metals as price inflation. Again the Fed is using terminology which most don't understand so that they can keep control of the treasury's printing presses. Day trading course.  

S&P 500 day trading course

Day trading course S&P500 day traders mid session price projection

Day trading course S&P500 day trading course mid day session before close looking at consolidation zone and are for closing price on the S&P500 emini futures. [caption id="attachment_3573" align="alignleft" width="289" caption="Day trading course S&P500 consolidation zone and price projection"]Day trading course S&P500 consolidation zone and price projection[/caption] Point of control into the closing is 1273.  Above here buyers are in control. Consolidation zone in the blue rectangle.  The S&P500 will typically close with in 2 points of this range. The green resistant horizontal line is a price target for resisistance, on the way to the 50ma in purple. More resistance can come in at 1283 and then 1292. Dependant on what news comes out of Japan with the reactor, and if the European financial crisis pops back in to the news for front. Our extreme low held at 1251.  We shall see what happens in the over night and check on the over all volume on this move up and the end of session. Join us in Montreal April

S&P 500 day trading course

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