Day trading course Challenging support S&P500 chart

Day trading course, S&P500 emini futures are challenging the support as sellers move back in.  We consolidated at the lows during lunch as sellers make a weak attempt at breaking support. [caption id="attachment_3586" align="alignleft" width="289" caption="Day trading course sellers challenge support"][/caption] Looks like a break of these lows will be coming on with this sell off. next stop 1247. 1239 extreme low. Watch  for the volatility.

S&P 500 day trading course

Day trading course S&P500 day traders "Sky is Falling"

Day trading course S&P500 emini futures day traders.  The EU did a chicken little this AM throwing panic into the S&P500 emini futures.  Their comments:

• EU Energy Chief says possible catastrophic events in next hours
• EU's Energy chief says situation at Japan nuclear plant is out of control

Glad the EU's Energy chief was working to instill calm and suggesting pro active measures for the safety of the Japanese people. The next comment might look like this,"  RUN FOR YOU LIVES, ALL IS LOST!"   yet when we look at the EU financials everything is under control and "we see the euro as very stable" Here is the chart of the 20 point drop on the ES.  S&P500 emini futures. [caption id="attachment_3581" align="alignleft" width="289" caption="S&P500 day traders EU commisioner says Sky is falling."][/caption] Certainly was a beautiful mid term double top at 1282.75 with lower highs into the open this morning. We blew through support at 1268 when the EU Energy commission decided to sound off the sirens. Low of 1256.  going to stay on the side lines as this news driven volatility is bad on stops. Could be going into a bearish pennant on longer term charts. With the Fed behind the bond purchasing this week, would expect this to rally on light volume. The real determinate will be what we see with the Japanese Nuclear plants. Japan is in a real mess with its economic capital still in shambles, homes still don't have running water, roving brown outs, a complete lack of power and [...]

S&P 500 day trading course

Day trading course FOMC and crazy Keynsians.

The Federal reserve, a group of private bankers controlling US money supply for their own personal gains, made this bold statement: The recent increases in the prices of energy and other commodities are currently putting upward pressure on inflation. The Committee expects these effects to be transitory, but it will pay close attention to the evolution of inflation and inflation expectations. The Committee continues to anticipate a gradual return to higher levels of resource utilization in a context of price stability. Guess what?  The Dollar index shows that his could just be another pipe dream. [caption id="attachment_3577" align="alignleft" width="236" caption="Day trading course Dollar index breaks support"][/caption] We have a break of support at 77.40 which is also breaking a long term supporting trend line.  Support at previous swing low 76.50 is on low volume and the sell shadow for today's session could take us to new lows. This will also show up as weakness with Euro/Yen and the Swiss Franc. This will show up in oil, food and metals as price inflation. Again the Fed is using terminology which most don't understand so that they can keep control of the treasury's printing presses. Day trading course.  

S&P 500 day trading course