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Monday, March 28, 2011

Day trading course chart on move to support day trading tip

Day trading course S&P500 emini futures day trading course tips watching as 15 min chart approaches support. [caption id="attachment_3639" align="alignleft" width="286" caption="Day Trading Course 15 min chart support target"]Day Trading Course 15 min chart support target[/caption] The S&P500 has broken through the consolidation zone on the 15 minute chart as mentioned this AM. 1310 was the supporting trendline break with a further move to the supporting trendline.  1304 is the down side target then 1294 as an extreme low. 1300 is an area of we could see some support as the bulls don't want this to close below.  Maybe the invisible hand of the fed will step in to get us back on track. 1304 will be on the horizon soon. Trade what you see.  

S&P 500 day trading course

Day trading course S&P500 day trader tips 240 min chart

Day trading course S&P500 day trader tips 240 min chart with Point of Control and support and resistance on the 240 min S&P500 emini futures day trading chart. [caption id="attachment_3635" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips POC"]Day trading course S&P500 day trading tips POC[/caption] The S&P500 emini futures contract is in a consolidation zone from 1308-1314. The point of control is 1312 with buyers in control above here and sellers in control below here. The first level of support we are seeing is at 1309 then 1304 which is just under the 200MA. The next area of support is at 1294 and then 1279.75. It would not be unusual to test down to 1294.75 vefore a larger move up to 1331 and a double top at 1338 (previous contract level of 1342. We hae resistance at 1316 for a break out to new highs to 1322.50 and then a move to 1331. Remember with QE3 in full effect and the purchasing of Bonds we are going to keep seeing support in the market.  The invisible hand is giving us lift even in this low volume environment.    Don't be surprised to see new highs coming in through April. We will be having a day trading course in Calgary April 16-18 with an advanced trading day on the 19th.  Our course has many high impact learning activities that will give you the edge to trading the markets.  Join us.  

S&P 500 day trading course

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