S&P500 day trading course daily chart

S&P500 day trading course daily chart in live day trading room.  Support and resistance. [caption id="attachment_2326" align="alignleft" width="197" caption="S&P500 emini futures daily chart june 10 "][/caption] We are still in a bearish channel with lower highs and decreasing volume on the rallies. Low volume today as we have a contract change to September Emini futures contract.  Our daily average volume is around the 2.58 million mark based on 13 days. The point of control for direction is 1080.50 on the weekly chart and it is transferred on to the daily chart showing us an area of resistance. Looking for it to retest the 1087-1097 area Friday from a low of 1068. Watch your self into the close on Friday, Europe's close could give some indication of direction. Looking at the 30 minute Chart on the S&P500 emini futures September contract: [caption id="attachment_2327" align="alignleft" width="197" caption="S&P500 day trading course 30 min chart 6-10"][/caption] Lots of price failure on the move to 1067.  Could expect this to be a bullish flag pattern with a 1080 ta [...]

S&P 500 day trading course

S&P500 day trading course intra day

S&P500 day trading course intra day trading chart coming into resistance. [caption id="attachment_2320" align="alignleft" width="221" caption="S&P500 day trading course intraday chart"][/caption] open gaps  1156.25, 1112.75, and 1102.50, a gaps to the downside  at 972.25 and 902.00. We hit the major support at 1042. area and have been in a pretty tight up trend with lots of commitment. 1077.75 is holding a lot of resistance and we could bounce in this area until the end of day.  Next area of resistance is 1086.75 then 1099.75 and extreme high of 1106.75. For support we have the point of  control at 1067.50 then 1062.25.  Under here is a congestion zone which you can see on a daily chart with a test down to 1040 area. I have a sell off extreme low set for 1029.50.  Today we have an FOMC meeting at 2:00 so I expect us to consolidate into the meeting with some volatility coming in later.

S&P 500 day trading course

EURUSD Forex trading Asia open

Forex day trading pre Asia open levels of support and resistance. [caption id="attachment_898" align="alignleft" width="274" caption="eurusd forex trading Asia open june 9"][/caption] 1.2151 is the area of resistance for a maximum swing high.  If we get news that the Trillion dollars is delegated and the swiss are still buying euro, we could see the swing up. 1.2028-58 is a resistance zone where there will be fighting over direction.  Getting in before it enters here might save you the choppiness. Watch for 1.1985 area as this is where it will stall to either turn or break through the 1.2000 psychological resistance the ECB wants to get above.  This is a major hinging level for the next move down.  If we close above on an 8 hour chart support could hold, below we could be looking at next level down.  Extreme swing low of 1.1680.

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