S&P 500 Day Trading Course Gap For Nov 5, 2009 Learn How to Trade

Trading opened today at 1050.50, up 8.5 points through the overnight. Prices traded to a high of 1058.50 early in the afternoon, then turned and headed down 17 points to a low of 1041.50 within a few minutes of close. Today's trading closed at 1043.50, up 1.5 points from yesterday's close.

For tomorrow on the upside we could see a retest of the 1050.50 area or even the 10670.25 levels of resistance. On the downside we could see prices retest the 1026.50 level with an extreme low in the 1012.50 area.

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S&P 500 Day Trading Course Gap For Nov 4, 2009 Learn How to Trade

Trading opened at 1032.00 this morning, down 6.5 points from Monday's close. Prices traded back and forth today, giving us a bit of the chop but still moving enough to get some moves. Prices hit their low of 1030.75 right out of the gate today, then up and down a few times in the 12.25 point range giving us a high of 1043.00 around 2pm where prices tested resistance. Trading then closed the day at 1041.00, up 3.5 points from previous day's close.

If we move up tomorrow watching for a test of the 1050.50 level, then the 1057.25 and 1061.00. If prices move down we could be looking at retesting the 1035.00 and 1026.00 levels.

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S&P 500 Day Trading Course Gap For Nov 3, 2009 Learn How to Trade

Trading opened for the week this morning at 1036.50, up 5 points from Friday's 1031.50 closed. Trading took a run up this morning to our high of 1049.50 shortly before 11am market time, tested the resistance then turned and moved back down. Prices traded down 23.5 points to a low of 1026.00 by about 1pm where they met support, then tested again around 2pm. Trading closed the day at 1031.50, down only 4 points from open and the same close as Friday.

Possible retest in the 1047.50-1050.00 area tomorrow, with 1063.00 as the next stop and an extreme high at 1068.00. To the low side we could see prices move to 1020.75, then 1012.50.

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