S&P 500 Day Trading Course Gap for May 11, 2009 Learn how to Trade

We started today with a quick 8 point run up after our open @ 915.00. Only to turn around and drop an even greater 13 points to our intraday low of 909.75 @ 10:26. Not quite enough of a drop to fill yesterday's gap of 903.00. From here it was steady higher lows, until we reached our intraday high of 927.75 @ 2:51. We ended the day caught in a channel between 921.25 and 925.25 starting around 3:15, keeping us on our toes watching for the breakdown we never got. Close today came in at 925.00, up 10 Points from our open. Point of Control staying at 912.50.

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S&P500 day trading course Gap for May 7, 2009 lern how to trade

OK, a quick look at today's market action. Opening today @ 925.50 after yesterday's 915.00 close left us with a nice 10 point gap to fill. We quickly hit our days high of 927.00 @ 9:41 bringing us into our change in direction starting our descent. It came to us without warning after a choppy open at 9:44 with a beautiful signal to short, and boy did we ever. 

A 15 point drop came our way right out of the gates, (All you swing traders out there must have really loved that!) and aother 5 ponts by 10:30. Point of control today came in at 912.25, fighting a little but then continuing down to our day's low of 898.00 around 3:35. Our range today was 27.5 points, leaving enough room for everybody to profit. Then filling yesterday's gap of 915.00 @ 10:23 and also closing the gap from Tuesday (900.00) later in the day. 903.00 was today's close. Up a bit from our low, and sending us into the overnight on our way up. Watch for a higher open tomorrow, provided we keep with our weekly trend. Hope this is helpful, keep your eyes open and your trigger finger ready. Watch for the shorts, we may be getting into a change in direction.

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S&P 500 Day Trading Coarse Gap for May 6, 2009 learn how to trade

We opened today @ 912.25 after a big push up this morning just before open. (Over 10 pts in a 1min bar!) From open we immediately started on our decent to our intraday low of 901.25 @ 10:34 getting us close, but not close enough to fill the gap for today which waved good bye to us from it's 900.00 close yesterday. 

Point of Control today @ 904.25, which wasn't much of a battle ground as the aggressive buyers came in and took control after an hour and a half of squabbling. Making it's final appearance at 1:30, it went from there with steady higher lows all the way into today's close @ 915.00. We hit our intraday high of 917.25 twice, with one more bounce off the trend line into the overnight.

May 7 POC  will be 912.25

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.