S&P500 day trading course live room headed to 1300

S&P500 day trading course live room headed to 1300 on the S&P500 emini futures. [caption id="attachment_3477" align="alignleft" width="275" caption="S&P500 day trading course headed to 1300"][/caption] Point of control is 1292.75 with resistance coming in at 1298 , 1303, and an extreme high of 1309 with a consolidation range from 1304 -09. POMO buying is still giving the market buoyancy so Iam not expecting a large sell off. There will be a continuation of small range days as the traders are moving towards equities versus derivatives. Fed is buying treasuries through independent dealers. Of course constitutionally they have no right to get congress to force US citizens to cover their private banking defaults, but that is what is happening. Support will be coming in at 1289.75 then 1284 and further at 1275 area. Watch out for the news and always trade what you see. We will be in Calgary Jan 29-31, Toronto Feb 5-7 and Montreal Feb 26-28. Join us.

S&P 500 day trading course

S&P500 day trading course price testing highs

S&P500 day trading course Price is testing the highs on the S&P500 emini futures contract. [caption id="attachment_3474" align="alignleft" width="300" caption="S&P500 day trading course price testing highs"][/caption] 2:00 PM EST on the S&P500 emini futures and we are witnessing levitation in the market place as 1.2 million contracts drive this market in a bullish trend to 1288.25. The surprisingly low volume has been spurred on with buyers commitment through the day. If we can get a last push up we could see a close above the 1290 mark going into this 3 day weekend. No trading Monday.

S&P 500 day trading course

S&P500 Day trading course price action live trading room

S&P500 Day trading course price action live trading room for the S&P500 emini futures. [caption id="attachment_3471" align="alignleft" width="300" caption="S&P500 day trading course price action"][/caption] Point of control is 1280.75. The S&P500 emini futures contract has been drifting up on low volume. Buyers could hold on to this direction if they break through the previous swing highs and move to 1298-1303 resistance areas. If we continue in this direction we could see 1348 by mid Feb. Dependant on just how much the fed is going to prop this up. Watch support at yesterday's lows, we could see a re test of this area and maybe a close of the gap to re test 1268. Under there the next level of support is around 1259.50 and then 1250 followed by the 200ma at 1245. Fed will be buying treasuries again as noted in meeting releases. So all is rosy. Trade what you see and come see us in Calgary Jan 29-31.

S&P 500 day trading course