S&P 500 day trading August 28 live trading room

S&P 500 day trading August 28 live trading room

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S&P 500 Day Trading Course Gap for Aug 28, 2009 Learn How to Trade

Trading resumed this morning at 1027.00, 1 tick up from yesterday's 1026.75 close. The morning held to a downward trend closing the gap and hitting a low of 1014.75 shortly after 10am, then consolidating into the afternoon session. The afternoon took prices back up, hitting a high of 1032.75 giving traders some nice long positions and leaving us with a 18 point range for the day.

Close backed off slightly coming in at 1029.75, up 3 points from yesterday's close.

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S&P 500 Day Trading Course Gap for Aug 27, 2009 Learn How to Trade

Trading opened today at 1024.25, just 2.75 points below yesterday's 1027.00 close. We hit both our low (1020.25) and our high (1032.00) before 11am market time today. The rest of the day consolidated into a 4 point range between 1028.00 and 1024.00, piercing a few times but never with enough momentum to break out of the congestion.

The day closed at 1026.75, after trading an 11.75 point range through the day. The gap of 1027.00 was closed shortly after 10am this morning.

The large price jump you see in the chart from 10 to 11am is contributed to by stronger than expected U.S. durable orders, as well as improved U.S. consumer confidence numbers that were released this morning.

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