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Monday, June 13, 2011

Day trading course NY close day trading education.

Day trading education in a live trade room. Watching the NY close for the S&P500 emini futures day trading course. If you want to learn day trading it takes time, patience and the ability to manage your risk so your losses are not more than your winnings. Looking today at the price action after the NY close. [caption id="attachment_3884" align="alignleft" width="300" caption="Day trading course 240 NY close Day trader Education"]Day trading course|Day trader Education[/caption]   The point of control on the 240min chart is 1267.25. Price is in a bearish Wedge with supporting trend line coming in at 1250. This is he first line of support. Sellers grabbed control this AM with a move to first support area 1265 off of short term supporting trend line. Next support is 1260 then 1252.50 Watch these areas as a break through could lead to a sell of to 1228.50  Expecting an extreme low around 1250 and some consolidation. The S&P has been falling on decreasing volume which normally leads to one day of heavy selling then a capitulation in the volume.  Remember we are still in the sell in May and go away stage so all of the Double negative ETF's have been preforming quite well.  Normally we will see a turn in Mid June with Minor consolidation through July.   If this  is the case then watch for the "summer blues" to set in. This is also a great time for you to get some education and practice your techniques.  We have two more training's this summer.  Our Montreal day trading course will be July 9-11.  We will be focusing on risk [...]

S&P 500 day trading course

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