Day trading course Bearish channel Day trading tips

Day trading course Bearish channel Day trading tips on S&P500 Emini futures contract. [caption id="attachment_3735" align="alignleft" width="300" caption="Day trading course Bearish channel Day trading tips"][/caption] Point of control is 1338.75 There is a sticky consolidation Zone from 36-39 with head fakes side to side. Support at 1330.75, expecting to see price head to the 50MA (purple) and consolidate between the point of control an the 50 til we get some direction. 1348.75 for resistance, then 1356. Our Support is 1330.75 then 1325 and 1318.75. Market makers were determined to hold this down this AM with buying off of the 1332 area reversing the market.   Watch on the approach of the 1345 area as this is where we can get the turn to continue on a longer term bullish channel.  

S&P 500 day trading course

Day trading course S&P500 price action Day trading tips

Day trading course S&P500 price action Day trading tips [caption id="attachment_3728" align="alignleft" width="300" caption="day trading course short term targets"][/caption] Point of Control on the S&P500 emini future is 1340 in the afternoon session, this is the turning point to continue the longer term bullish channel.  If the sellers keep control under the 1340 mark we can see new lows to 1332.50 and 1325. area for support. Day traders have predominately sold off in the am and lunch time hours.  A re tracement to 1346-48 area in to the close would be a normal move. Resistance coming in at the 50 MA Purple and the 200MA red. with further resistance at the pre Ladin swing high at 1360.  The false move to the 1374 area was a fluke, but does make it easier to attain the extreme high of 1381.25 in previous week. Day trading course S&P500 price action Day trading tips.  Keep watching as earnings will reveal some interesting Dynamics as profits will come to an end as the unemployment figure as related to  the long term effects of ridding your firms of employees starts to see diminishing returns in long run.  Normally after 1 year.  

S&P 500 day trading course

Day trading course price action and Point of control

Day trading course price action and Point of control [caption id="attachment_3723" align="alignleft" width="300" caption="Day trading course short term targets"][/caption] Point of control is 1355.25. Seems that we are in a mid term double top and a consolidation zone.  Looking for a 4-7 point channel bouncing out stops. 1350-57 with lots of head fakes through the  lunch session. Support coming in 1350, 1349.25 Resistance 1355-1357. then next move to 1362.    

S&P 500 day trading course