Day trading course bearish channel

Day trading course, who is in control?  It seems that the buyers can't get any traction this past week and are being held in this small bearish channel. [caption id="attachment_3811" align="alignleft" width="300" caption="Day trading course testing the bearish channel"][/caption] Point of control is 1325.  The sellers have moved in pre open Sunday evening and are testing to support at 1320 area, our support is coming in 1317.75 then 1312.75 and 1303. The POC (the purple) colored line is where buyers have to get above to control direction.  Under here and the sellers can test support.  The previous bearish trend line could act as support on this test down and looks like it could come in around 1312 area. We do have a slightly lower high on the consolidation at 1340-45.  Longer term we would have to get under 1267 for a move out of the uptrend. Euro could have a bit of pressure this week as Portugual and Spain's collapse is coming on.  News is in complete denial and Greece wants to get a discount so it doesn't have to keep up with the austerity measures. Join our day trading course and take control of your trading account.  If you are doing what everyone else is doing, then don't be surprised to see your account going down.

S&P 500 day trading course

Day trading course bull channel intact

Day trading course bull channel intact. Day trading tips, support and resistance on S&P500 emini futures. Learning how to trade effectively. [caption id="attachment_3805" align="alignleft" width="300" caption="day trading course bull Channel"][/caption] Point of control is 1341.50. Resistance is 1345, we have tested the area a few times. The Gap is 1338.25 just around the 50ma. support at 1332.500 then 1325 and 1318. The open was low volume. Watch for sellers to step in here.

S&P 500 day trading course

Day trading course Bounce off of support

Day trading course - bounce off of supporting trendline on the Bearish channel.  12 point move back up. We are above the Point of control for the day but buyers are weak. [caption id="attachment_3801" align="alignleft" width="300" caption="day trading course bounce off of support"][/caption] Buyers have barely taken control of the S&P500 emini futures contract in the last hour of trading.   The bearish channel is still in tact. support off of 1318 to resistance around 1328 has given us a ten point zone to scalp in. Nice price action for the entry off of 1316-18. Sellers could take this back going into the close.  Euro has been strengthening and consolidating at the top. Tomorrow and thursday will give us some more direction if we can break the channel to either side.  

S&P 500 day trading course