Day trading course Inverted Head and Shoulders

Day trading course Inverted head and shoulders on S&P500 emini futures.  Day traders on the S&P500 are watching this consolidation zone from a break out of an inverted head and shoulders. [caption id="attachment_3747" align="alignleft" width="300" caption="Day trading course Inverted Head and shoulders day trading tips"][/caption] This Beautiful Inverted Head and shoulders started to execute early this am.  Pre New York open. You can see the break of the Bear Channel's Resistant trend line with test down to the 50MA, purple, and then breakout from 1337.50 with news at 8:30 ensuing in 13 point run to 1350. A full extension on this move will be to 1372 Extreme high. The Point of Control is 1344.  There is a consolidation zone from previous price action 1345-48. During lunch this is the where a lot of retail will be headfaked. Resistance on this move is the swing high of 1350 with 1356 showing some minor resistance to a move up on previous swing highs on Long term. Looks low volume for the day, which normally coincides with price levitation. The 200 MA will give some Resistance on this move up.  Might have to bounce down to 1341 area to make the move up.    

S&P 500 day trading course

Day trading course Silver Bottom pickers could be slaughtered.

Day trading course Silver Bottom pickers could be slaughtered.  Remember Silver gets more margin calls than any other commodity and trying to pick the bottom is for investors, not money makers.  Day traders will get squeezed on this if they try and guess where the bottom is.  Wait for a clear turn. [caption id="attachment_3743" align="alignleft" width="300" caption="Day trading course Silver bottoms high risk"][/caption] Last three days have been a quite volatile move down with some momentum.  We could het a break around 35-36.50 but would not go against a moving train like this one. The support on the 200 MA at 31.00 looks like the extreme low. the Zone between 34-37 will be an area to watch for some consolidation into the close.  Friday will be the tell all as investors again wake up to the price change and think, well now is the time to pick it up, probably in time to see them squeezed again. Buying dips is great, but this is not a dip, it is a short term correction, and waiting for the re establishment of the trend will be easier on your account. Be patient.

S&P 500 day trading course

Day trading course Gold- on sale for a week

Day trading course - Gold on sale for a week as pressure has come off for a flight to safety.  Seems that a little pressure is taken off the markets in celebration of getting rid of one of the US's top terrorists.  The Gold silver ratio hit 32 which is the lowest it has been in quite some time. It seems that people sold off from over $50 and are looking to buy physical Gold at this level and waiting for  turn on Silver. [caption id="attachment_3739" align="alignleft" width="300" caption="Day trading course Gold - major drop targets"][/caption] Remember gold and silver markets are very volatile and can move quickly. Don't guess the market. Here are some levels for you. 50% retracement on this leg up, 1476.18 61% retracement 1452.47 Extreme low 1423. Watch the 50MA at 1467. area Yes, it could turn here at present price levels a move back to 1500 and then continuation to lower levels would not be unusual. 5 days of down market. I am watching for tomorrow, going into the weekend could be volatile as buyers start to notice price.  

S&P 500 day trading course