[/caption] Sellers are in control as we watch for the Fed to announce the 4th round of quantatative easing into the market. Possible double top and move to new highs on this euphoria. Watch for the volatility. S&P 500 day trading course
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Tuesday, January 4, 2011
S&P500 day trading course price action
S&P500 day trading course price action. Point of control for today pre FOMC meeting is 1265 with first support at 1258 then 1249.75. [caption id="attachment_3447" align="alignleft" width="202" caption="S&P500 day trading course price action pre fed"]
[/caption] Sellers are in control as we watch for the Fed to announce the 4th round of quantatative easing into the market. Possible double top and move to new highs on this euphoria. Watch for the volatility.
S&P 500 day trading course
[/caption] Sellers are in control as we watch for the Fed to announce the 4th round of quantatative easing into the market. Possible double top and move to new highs on this euphoria. Watch for the volatility. S&P 500 day trading course
Monday, January 3, 2011
S&P500 day trading course weekly Chart price action
S&P500 day trading course weekly Chart for New Year with price action. The S&P500 emini futures contract moved up on light volume over the holidays with a very light trading day today. Looking at the weekly charts price action you can see that we are in a bullish channel and presently running to the top side. [caption id="attachment_3443" align="alignleft" width="270" caption="S&P500 day trading course weekly chart price action"]
[/caption] Point of control for this weekly chart is
S&P 500 day trading course
[/caption] Point of control for this weekly chart is S&P 500 day trading course
Tuesday, December 21, 2010
S&P500 day trading course price action and Gold
S&P500 day trading course price action and Gold following price action into the decreasing volume as traders depart for the holidays. [caption id="attachment_3434" align="alignleft" width="75" caption="Wall street christmas S&P500 emini futures day trading course"]
[/caption]Every year there is wonder and seeming amazement as we enter the holiday season and there seems to be a bit of levitation as the markets drift up. This Chris Angel like magic has the numbers reaching new highs in the after hours and sending it back down just before the open. The S&P500 emini then seems to almost magically lift off on little or no volume to again reach new highs. [caption id="attachment_3435" align="alignleft" width="300" caption="S&P500 day trading course daily chart dec 22"]
[/caption] Support at 1221 then 1240 with a Point of Control at 1245.50 Would expect to see this move down in the overnight for another act of levitation during the normal trading hours. [gallery] On the high side looking for resistance at the previous highs around 1250, with further resistance coming in at 1253.75 then 1258.75 then
S&P 500 day trading course
[/caption]Every year there is wonder and seeming amazement as we enter the holiday season and there seems to be a bit of levitation as the markets drift up. This Chris Angel like magic has the numbers reaching new highs in the after hours and sending it back down just before the open. The S&P500 emini then seems to almost magically lift off on little or no volume to again reach new highs. [caption id="attachment_3435" align="alignleft" width="300" caption="S&P500 day trading course daily chart dec 22"]
[/caption] Support at 1221 then 1240 with a Point of Control at 1245.50 Would expect to see this move down in the overnight for another act of levitation during the normal trading hours. [gallery] On the high side looking for resistance at the previous highs around 1250, with further resistance coming in at 1253.75 then 1258.75 then S&P 500 day trading course
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