Day trading course S&P500 short to 1298.25

S&P500 day trading course short to 1298.25 [caption id="attachment_3522" align="alignleft" width="300" caption="S&P500 day trading course move to 1300"][/caption] Oil going up, silver and gold following. Watching for the 1298.25 level for support then 1288.25. Libya could keep this going as OPEC does not have capacity to make up for it. America can be getting ready for $4.00 a gallon again.  Economist are using the ambiguous terms to describe this major transition we are watching in N.Africa and the middle east.  If Saudi gets hit with demonstrations, watch out. 1300-1302 will be heavy support.  If all else fails wait for the fed to start buying.  At least Goldman will be making money.

S&P 500 day trading course

Day trading course S&P500 day trading course 30 min bearish chart

Day trading course S&P500 day trading course 30 min bearish chart [caption id="attachment_3518" align="alignleft" width="201" caption="Day trading course S&P500 day trading course 30 min bearish chart"][/caption] Looking for a gap up to 1320  in the over night session.  support will be at 1341 and the 1309.75. Resistance coming in at 1322 then 1330 area as it approaches the 200MA (in Red)  next area will be 1334 then our previous extreme hig at 1343.25. There is a resistant trend line at 1324 area where we could keep this channel for a test back down for a double bottom or the possibility of new lows. As mentioned yesterday, watch out for more news coming out of the middle east and N. Africa. This could also effect gold and Oil.  If it is volatile I would expect to see a break of $100 a barrel Silver is also taking a very large bullish move and could see a break of 35 on its way to an extreme high of $42, again based on volatility politically.

S&P 500 day trading course