S&P500 day trading course open charts

S&P500 day trading course Lunch time NY Move on resistance for the weekly Point of control at 1133.25 This is a key area on the S&P500 emini futures contract as buyers will be gaining control for the move to an extreme high of 1156.25. [caption id="attachment_3267" align="alignleft" width="229" caption="S&P500 day trading course intraday chart price action"][/caption] We have some support at 1129-31 area as there was a volume increase in buys here.  Expecting to see some exhaustion here as the buyers re group to run at the resistance again. If the buyers loose control here, we could see a complete reversal to todays open in the after hours. Watch for news this week and maybe some pressure out of Europe as Ireland pops onto the pressure on the Euro, this could also push the US market down as dollar gets a bit of a rally. Normally, there is an inverse relationship between the two, we could see a bit of  "deCoupling" as this intiallly occurs. Trade what you see.

S&P 500 day trading course

S&P500 day trading course NY close daily chart

S&P500 day trading course NY close the daily chart on the S&P500 emini futures.  Getting ready for a roller coaster here as the emini is moving against resistance and about to break through to new short term highs. [caption id="attachment_3261" align="alignleft" width="250" caption="S&P500 day trading course daily chart NY market close"][/caption] From early May we have seen decreasing volume into the summer season where traders are normally taking off.  We are now into the second week of September, which is where we seasonally experience increases in volume into the more volitale months of October and early November. 1127.50 is the point of control for the bulls to take this to the resistance around 1156.25. This is our 2nd target on the move up from POC at 1049.25. If we break the 1169.50 resistance then we are looking to 1200 for the next area of consolidation.  We could see this in Mid- October as the next round of quantitative easing hits the market.  It doesn't look like the government will let this wash out. Support in the S&P500 emini futures market is coming in around the 1111 area with continued downside support that will come in at the psychological 1100 mark, then 1049.25.  If we get a break under the 1080.50 mark I would watch for some consolidation at 1062.75 then 1049.25 to 1036.75. I would add these levels to your long term charts to look for short term reversals and areas of consolidation. Trade what you see.

S&P 500 day trading course

S&P500 day trading Course price action

S&P500 day trading Course price action it looks like there are tails on a weekly chart hitting support on the 1037.50 range with price failure into the support on the inverted Head and Shoulders.  The Point of Control 1056.25 [caption id="attachment_2990" align="alignleft" width="202" caption="S&P500 day trading course price action "][/caption] Open Gap 1049.50 Support at 1056.25 , 1047.50, and extreme low of 1036.75 which is also the support of the inverted Head and Shoulders on the daily and weekly. We have resistance at 1062.75 then previous swing high at 1072.75. News is coming out at 10:00, watch your self.

S&P 500 day trading course