S&P 500 Day Trading Course Gap For Oct 26, 2009 Learn How to Trade

Trading opened at 1092.75, up 3 points from Thursday's close. Prices hit a high of 1094.25 within minutes of open, then moved down from there. Prices traded down for the majority of the day, moving down 23.75 points to give us a low of 1071.50 where prices once again tested the support at 1072.00 shortly before close. However price was out of time to see if it would push through the support at 1072.00, it closed the week at 1074.75 down 13.75 points from its open.

For Monday we could see a test back up to the 1085.00 area with an extreme high at 1094.25. On the low side if we get through the support at the 1070 level, we could move to test the 1060.25 area of support, with an extreme low st 1047.50.

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S&P 500 Day Trading Course Gap For Oct 23, 2009 Learn How to Trade

Trading opened today at 1076.50, down 2 points from yesterday's close of 1078.50. Prices moved down this morning hitting a low of 1070.25 shortly after 10am market time. Prices then reversed and traded up into the close, hitting a high of 1092.25 shortly before close then relaxing a few points to close the day at 1089.75. The range today was 22 points, while the gap was closed early into trading.

Area's of support and resistance for tomorrow show another possible test up to the 1099 area of resistance, with an extreme high posting into the 1115.00 area. On the short side we could be looking at another touch down to the 1070's, with an extreme low around 1062.00. Let's see where things are in the morning. See you at the starting line!

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S&P 500 Day Trading Course Gap For Oct 22, 2009 Learn How to Trade

Today prices opened at 1085.50, down2 points from yesterday's close. The morning traded up today from open, hitting the high of 1098.50 then consolidated for the better part of the afternoon until about 3 market time when things turn to a shorting position. Prices moved down to 1078.50 giving us our low and close, as well as a 20 point range for the day.

Watching for an upside of 1086.00tomorrow and for the low side 1067 area or even 1060 area of support. See you at the starting line!

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