S&P500 Day Trading Course Gap for May 20, 2009 Learn How to Trade

Can you see the direction here? Today's open was 907.50 just 1 tick below yesterday's close. We filled the gap almost instantly and begun our day. I'm really not sure what kind of day it was, we never really seemed to go anywhere. Just up then down, then back up and back down. Not to say there were no trades to be had, it was just more like sitting in the boat while fishing. Bobbing on the waves waiting for a good catch and before you knew it, the day was done.

Closing came to us at 906.50, only 1 point away from our open after seeing a range of 11.5 points today. Our low today was 903.50 shortly after open and we bobbed our way to our high of 915.00 shortly before 3:00. 902.50 will be our point of control tomorrow. Let us see if we get the volume we need for a breakdown, or find ourselves stuck in consolidation. Until next time....

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S&P 500 Day Trading Course Gap for May 19, 2009 Learn How to Trade

Up Up and away! Open today came in at 890.75 from Friday's 882.25 close. From here we began our day of upward movement, chugging along like the little train that could. We went right into our high of 908.75, backing off just a little bit for our close today at 907.75. Our low came in at 889.00 shortly after open, while our range was 19.75 points.

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S&P 500 Day Trading Course Gap for May 18, 2009 Learn How to Trade

Open today was 889.00, 1 point down from yesterday's close. We filled the gap within minutes and moved into a steep down trend until noon. In there we did hit our high of 895.50, but continued in the down trend right into the afternoon trading.

We hit our intraday low of 876.75 @ 3:07, bringing us upward from there to our close for the weekend at 882.25. Range for the day was 18.75 points.

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