S&P 500 Day Trading Course Gap For Oct 1, 2009 Learn How to Trade

Prices opened today at 1059.00, up a small 1.5 points from yesterday's close. We hit our high of 1060.00 within about the first 20 min of trading, then came a heck of a move down. Prices dropped a hefty 18.5 points within the next 30 min, from 1060.00 down to 1041.50. Prices did move back and forth a couple times through the rest of the day, but closed at 1050.50 some what in the middle of our two points of major support and resistance at the 1043-44 level and the 1057-58 area.

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S&P 500 Day Trading Course Gap For Sept 30, 2009 Learn How to Trade

Trading opened today at 1062.75, up 4.5 points from yesterday's close. We hit the high today at 1065.75 then turned and traded down to the low of 1053.25 shortly after noon. The rest of the day we spent in a 4 or so point range of consolidation closing the day at 1057.50. Today's range came in at 12.5 points overall while prices closed down just 3 ticks below yesterday.

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S&P 500 day trading course live trading room sept 29

S&P 500 Day trading course, we are looking for a re test of the previous highs around 1073.75 to 75.50. If we can't push through the resistance we might consolidate here. If the market looses commitment on the move up and have made the test on the highs we could have a double top and we in would be looking for this to turn and retrace to support under the 987 area.
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