Day trading course|866-640-3737|Day trading education

Day trading course|866-640-3737|Day trading education

Lunch time NYSE looking at the S&P500 emini future's price action. The S&P500 took off this morning from the "good news" of the Market at 8:30 am.  It turns out it is another one of those "it is not as bad as we forecasted" type rallies with a cheer leading session follow up by the FED at 10:30.  Normally this is enough to put the market in a coma but reacting to the not as bad as we thought it was news, the market is putting in its 20 point rally. [caption id="attachment_3892" align="alignleft" width="300" caption="Day trading course|866-640-3737|Day trading education"][/caption] Point of control was 1274.50 today with the buyers taking off to the 1283.50 resistance.  Price has consolidated here, working on getting committed buyers to step in.  The trend has not yet continued through the previous high at 1288.50 where we are expecting a consolidation zone to 1292.25 Watching for the commitment to be executed to move this market after lunch.  The 200MA in red, is showing the support to keep the direction of the market going after this 100 point correction.  Getting close to the Mid June rally point.  Could be now, but would like to see the higher high to give us a turn on the leg down.

Don't get overly anxious during lunch as the head fakes on this area will take your stops.  The Day trading course we are having in Calgary June 25-27 will cover the settings of the market and how to trade these periods, if it is what you like or works out in your sechedule. [...]

S&P 500 day trading course

Day trading course NY close day trading education.

Day trading education in a live trade room. Watching the NY close for the S&P500 emini futures day trading course. If you want to learn day trading it takes time, patience and the ability to manage your risk so your losses are not more than your winnings. Looking today at the price action after the NY close. [caption id="attachment_3884" align="alignleft" width="300" caption="Day trading course 240 NY close Day trader Education"][/caption]   The point of control on the 240min chart is 1267.25. Price is in a bearish Wedge with supporting trend line coming in at 1250. This is he first line of support. Sellers grabbed control this AM with a move to first support area 1265 off of short term supporting trend line. Next support is 1260 then 1252.50 Watch these areas as a break through could lead to a sell of to 1228.50  Expecting an extreme low around 1250 and some consolidation. The S&P has been falling on decreasing volume which normally leads to one day of heavy selling then a capitulation in the volume.  Remember we are still in the sell in May and go away stage so all of the Double negative ETF's have been preforming quite well.  Normally we will see a turn in Mid June with Minor consolidation through July.   If this  is the case then watch for the "summer blues" to set in. This is also a great time for you to get some education and practice your techniques.  We have two more training's this summer.  Our Montreal day trading course will be July 9-11.  We will be focusing on risk [...]

S&P 500 day trading course

Day trading course bearish chart.

Day trading course bearish wedge or a descending wedge on the 240 min chart. [caption id="attachment_3869" align="alignleft" width="300" caption="day trading course 240 min"][/caption] This move down has quite a few bulls worried as we are about to test a major support. Point of Control is 1276.50 with support at 1270.25 and then a bearish trendline support at 1260.  This is also a longer term bullish trend line support, and as seen last month a critical support for the move. This is a descending wedge on a decreasing volume pattern, normally we would look for a turn from 1260. If we have a sell off and capitulation, which could take a week then the head fake will be to 1232 and an extreme low of 1208.75 on the new contract. Once we break under he 12701 mark there is not much support here.  Watch out for increased volatility and the thinning out on the trading platform.  We are having a three day, day trading course in Calgary. Join us.  It will change your trading perspective to take profit out of the market.

S&P 500 day trading course