Day trading course Silver Bottom pickers could be slaughtered.

Day trading course Silver Bottom pickers could be slaughtered.  Remember Silver gets more margin calls than any other commodity and trying to pick the bottom is for investors, not money makers.  Day traders will get squeezed on this if they try and guess where the bottom is.  Wait for a clear turn. [caption id="attachment_3743" align="alignleft" width="300" caption="Day trading course Silver bottoms high risk"][/caption] Last three days have been a quite volatile move down with some momentum.  We could het a break around 35-36.50 but would not go against a moving train like this one. The support on the 200 MA at 31.00 looks like the extreme low. the Zone between 34-37 will be an area to watch for some consolidation into the close.  Friday will be the tell all as investors again wake up to the price change and think, well now is the time to pick it up, probably in time to see them squeezed again. Buying dips is great, but this is not a dip, it is a short term correction, and waiting for the re establishment of the trend will be easier on your account. Be patient.

S&P 500 day trading course

Day trading course Gold- on sale for a week

Day trading course - Gold on sale for a week as pressure has come off for a flight to safety.  Seems that a little pressure is taken off the markets in celebration of getting rid of one of the US's top terrorists.  The Gold silver ratio hit 32 which is the lowest it has been in quite some time. It seems that people sold off from over $50 and are looking to buy physical Gold at this level and waiting for  turn on Silver. [caption id="attachment_3739" align="alignleft" width="300" caption="Day trading course Gold - major drop targets"][/caption] Remember gold and silver markets are very volatile and can move quickly. Don't guess the market. Here are some levels for you. 50% retracement on this leg up, 1476.18 61% retracement 1452.47 Extreme low 1423. Watch the 50MA at 1467. area Yes, it could turn here at present price levels a move back to 1500 and then continuation to lower levels would not be unusual. 5 days of down market. I am watching for tomorrow, going into the weekend could be volatile as buyers start to notice price.  

S&P 500 day trading course

Day trading course Bearish channel Day trading tips

Day trading course Bearish channel Day trading tips on S&P500 Emini futures contract. [caption id="attachment_3735" align="alignleft" width="300" caption="Day trading course Bearish channel Day trading tips"][/caption] Point of control is 1338.75 There is a sticky consolidation Zone from 36-39 with head fakes side to side. Support at 1330.75, expecting to see price head to the 50MA (purple) and consolidate between the point of control an the 50 til we get some direction. 1348.75 for resistance, then 1356. Our Support is 1330.75 then 1325 and 1318.75. Market makers were determined to hold this down this AM with buying off of the 1332 area reversing the market.   Watch on the approach of the 1345 area as this is where we can get the turn to continue on a longer term bullish channel.  

S&P 500 day trading course