S&P500 day trading course

S&P500 day trading course live trading room.  As volume increases look for a turn in direction.  Volume increases and market goes down.  Volume decreases and market moves up. [caption id="attachment_2282" align="alignleft" width="285" caption="S&P500 day trading course 15 min"][/caption] POC 1140.25 for direction. 1147.25 for first resistance, 1154.25 is next level of resistance. Support on the 200MA, 1133.25 and 1st level support at 1129.75 then 1119.25. We have two open gaps on both sides of the markets range.  1156.25 and 1109.75. I would look for this to test to the 1155.25 area and the closing of the upper gap.  If this occurs today at closing I would look for a move down in after hours, consolidation through the week and the next move down by Friday. If we return to 1175 area, I would look for consolidation. Unless of course if we have more upheaval in the euro zone.  Iran is also coming to the forefront and with Obama's impotence in this area it leaves only military action available to Israel.  This could be dangerous for the markets and the world.  If the UN sanctions are weak, I am looking for the markets to consolidate.

S&P 500 day trading course

Twitter Weekly Updates for 2010-05-16

• $eurusd $fx #currency managed funds Twitter Weekly Updates for 2010-05-09 #
• #S amp;P500 #daytrading #chart on http://www.moneymakeredge.com/blog #
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Forex day trading EURUSD new lows

[caption id="attachment_864" align="alignleft" width="300" caption="forex day trading eurusd weekly chart"][/caption] EURUSD hit new lows at 1.2360 confirming last years swing low March 6,2009. Looking for 1.2324 as previous swing low in late October 2008.  If we break through this 1.1860 is next major support and 1.13 area for an equal move down. The EURUSD headed for a fourth weekly decline trading at 1.2545 as the currency rebounded after touching 1.2516, the lowest level since March 5, 2009, breaking through the 14-month low reached last week, on concern European nations' debt-cutting measures will undermine economic growth. The EURJPY was at 116.45 after earlier reaching 115.88, the lowest since May 7 before Greece submits a progress report tomorrow to the EU on the implementation of a deficit-reduction plan. Investors are still concerned widespread fiscal tightening could derail the already weak European economic recovery which could lead the EURUSD to decline to 2008 low of 1.2330. The BOE will raise its target rate next year after previous forecast for increases in Q3 according to market estimates. BOE Governor Mervyn King endorsed yesterday Cameron's plan to reduce spending after Greece's debt crisis threatened to spread. The BOE also said in a report there were "greater downside risks" to its forecast that growth will reach a 3.5% annual pace by 2012 and that inflation will stay below its 2% target while not ruling out any further asset purchases. USDJPY climbed to 92.89 snapping two weeks of declines before US reports that may show retai [...]

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