S&P 500 emini futures day trading coach Oct 19 intraday

Dominant trend is down.
Supporting trend line is hit in after hours, loooking for volume push through with targets of 908.25 then 895.25 and 880.

Haven't seen volume capitulation yet on daily.

Again looks like an investor set up.

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Aug 20 2008 Emini S&P 500 futures ES hourly close

Stayed in the range. Tomorrow could see it close the gap.

Aug 19 2008 Emini S&P 500 futures ES hourly

Trend line busted fell through support, if we break support here we are headed for the open gap at 49.75.

Expecting some big support here.

Lets see where it goes.

July 24 S&P 500 hits bottom target

Here we are running back on our wonderful rally. We have a 34 point range today. Needless to say it was a very heavy trend.

Selllers were committed most of the afternoon. Dependant on the gap in the morning lets see how we can play it. if we gap down and shoot through 1240 then to the 20's we go.

I don't see where the support is going to come in as hedgies have loosed their positions in the financials again. Remember our memorandum from to days ago no shorting the banks unless you have an agreement borrowing those stocks.

Shall be exciting because it will be setting the pace for the following week.

July 23 daily after hours SP 500 emini

Looks like we testd up again today. Volume kept us up there. Looking for 1305 for major resistance and 1320 on a large volume spike. If oil keeps going down this will be an excellent opportunity to put in a longer term swing trade.

On the down side look for a reversal back to the lower tl, and dependant on what type of Gap we have open we could see it turn tomorrow afternoon.

July 7 SP 500 emini daily

The daily looks like we have some more room down. If we open with a gap down, I would expect to see a brief rally and then continuation to the downside with 1233 as first target.

Looking for a 3.5 million volume day, it looks like it is on the horizon as volume is picking up. Lots of volatility and news is sending is in all directions. Oil is adding alot of volatility to the mix also.

You would think with a $4.00 a barrel drop we might have closed positive but the market just gave up its rally before the close.

If we open gap up or neutral we can test 1260 then 1269

S&P 500 moving down, will test lows.

Treasuries gained, poised for a weekly increase, as traders pared bets the Federal Reserve will raise interest rates this year amid signs stress is returning to the financial sector. The cost of protecting corporate bonds from default rose to the highest in two months. Lehman Brothers Holdings Inc. forecast that Fannie Mae and Freddie Mac, the two largest sources of U.S. home loans, may lose money in the second quarter as the housing market deteriorates, and Merrill Lynch & Co. said regional bank stocks are in ``capitulation mode.'' Oil rose after the New York Times reported an Israeli military exercise last month appeared to be a rehearsal for an attack on Iran's nuclear facilities.

Traders see a 90 percent chance the Fed will leave its 2 percent target rate for overnight lending between banks unchanged at its meeting on June 25, up from 78 percent a week ago, futures on the Chicago Board of Trade show. The rest of the bets are for a quarter-percentage point increase.

U.S. stocks fell, extending a third straight weekly drop for the Standard & Poor's 500 Index, which declined 1.3 percent, after analysts said worsening credit losses will reduce earnings at financial companies. Europe's Dow Jones Stoxx 50 Index lost 1.2 percent.

June 17 SP 500 daily looks like rolling over.

Goldman says that the credit crunch will peak in 2009 and US banks need at least 69 billion to cover......Hi Ho Bernanke.

Follow up on 5 min support and resistance SP 500

One more chart two days later of the same lines.

42.50, 39, 29, 22.50

Great trades

Head and shoulders, Inverse Head and Shoulders

Volume break outs and direction