Tuesday, May 31, 2011

Day trading course S&P500 bear channel holds

Day trading course S&P500 bear channel holds.  The S&P500 emini futures price action as the buyers tested the resistance on the bearish channel.  It turned out to be a head fake as sellers moved in to control the am session. [caption id="attachment_3845" align="alignleft" width="300" caption="Day trading course Bear Channel Head fake"]Day trading course|866-640-3737| learn how to daytrade|Orange county day traders[/caption] Point of control is 1342 with sellers taking control in the AM session. we have initial support at 1339 and saw a move down to the 50MA at 1336.  We might see sellers consolidate here before the next push down to 1330.50  and then a move to 1322 the next support. We have been in a short term bullish channel from 1302 with an upside target of 1357. Our resistance will be at 1345-46 and then 1352 then 1357.   This is where we had the previous start of the Bin Ladin Head fake before the sell off to 1302. WE will be having a live day trading seminar in Edmonton, Canada June 25-27. Join us if you can.  Learn how to manage your risk, and if you are a seasoned trader that can't seem to get their targets, we will have some break through exercises to get the victim out. Trade what you see and watch out for the news, don't let it get in the way of making profits.    

S&P 500 day trading course

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