Day trading course targets, May 1

Day trading course targets on the S&P500 emini futures. [caption id="attachment_3709" align="alignleft" width="300" caption="day trading course targets May S&P500 price action"][/caption] Watch for a break out of the Congestion zone. Support coming in at 1354 then 1346 and an extreme low of 1332. The S&P500 emini futures contract saw a lot of low volume lift this week to reach a high ov 1373.75 on the news of Osama Bin Ladens death by US seals. The Break out prices of 1357.75 for sellers and th1362.25 on buyers side. Point of control coming in at 1361 for direction. Resistance coming in at 1366 then previous swing high of 1373.75 then 1379. As this is earnings week, expecting low volume today with a pick up on Wed- Thursday and a light trading day Friday with price lifting to make up for any corrections this week. Lot's of head fakes to occur during lunch time, watch your self on the break outs.

S&P 500 day trading course

Day trading course price levels Day traders S&P500

Day trading course price levels Day traders S&P500.  Friday the futures market is closed.  Three day weekend for S&P500 day traders.  These are the price levels we reached this week and day trading targets for this next week as we round the week out in four days of trading. [caption id="attachment_3705" align="alignleft" width="300" caption="Day trading course price levels S&P500 day trading"][/caption] We tested the support on the Extreme low on the S&P500 emini future.  We put this support in from the beginning of the month with a top side extreme target of 1362 we are expecting sometime soon. The poing of control on this move up is around 1333.  Buyers attemepted control on the S&P500 in the morning with sellers consolidating the price action in the small 6 point consolidation Zone. Day traders hit alot of resistance on1334-35 ans support just under the 1330 level.  A frustrating day for most unless you are like us and finished by 1030 - 11:00 am market time. Looking for another test on the support to 1325 and a low of th 1318, before moving on to the high side targets at 1340 and then on to the extreme high.  

S&P 500 day trading course

Day trading course S&P500 day trading tips targets

Day trading course S&P500 day trading tips targets for support and resistance.  Day trading the S&P500 emini futures contract. [caption id="attachment_3701" align="alignleft" width="300" caption="day trading course targets day trading tips"][/caption] Bearish Channel on the 30 min Chart testing down to the supporting trend line.  Point of control is 1313.25 support at 1309.75 , 1305 then 1298.50 . Could keep consolidating in this area and then another test on resistance in the afternoon session.  IMF asked the US to reduce the debt.  Could it be a possibility?  What will happen in our markets with out the Fix supplied by quantitative easing? Could be a choppy low volume day.

S&P 500 day trading course