Thursday, February 23, 2012

Day Trading Course - S&P500 Pulled Back

Day Trading Course - S&P500 Pulled Back 1% 

Day Trading Course, FloridaOn the Emini's for the S&P, Monday, Feb 19, was the highest high since spring of 2011, it was on extremely low volume, since it was President's Day in America, at 1369.50.   Wednesday, Feb 22- High was 1364 and Low was 1353.  On the 60 min chart it looks like a 3 day pull back.
Due to easing of monetary funds of Europe and this week in China, 1% maybe the only pull back we get at this time.
Support in this area on a Daily is 1353, 1351, 1346. and well tested 1340.
Resistance, on a Daily will be 1360, 1363 and of course Monday's Highs of 1369.50.
The futures this Thursday morning, are looking within yesterday's lower  range. A larger retest would be healthier for this market.
Trade what you see and never listen to the so called experts. If you can't see the direction of the market and don't understand how to use a stop, then don't trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late.
Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direction, the support and resistance and the [...]

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Day trading course - bearish

[caption id="attachment_4942" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade l Day trading education"]Day trading course l 866-640-3737 l learn how to daytrade l Day trading education[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There was a touch and test of support at 1353.25, a move up with a prolonged stay to test resistance at the 1355.75 range. A breakthrough then a move up to test the 1357 target of resistance . Another move down to test support once more , then a strong move up to rally with buyers pressure to break through the 200SMA. The resistance at 1362.25 ( the top trendline ) proved strong and price came tumbling down to then reach strong support at 1355.25. There is a definite bearish trend on the whole. The price at this time is hanging around the 50SMA. If the sellers pressure to test support and keep the trend 1st target is 1355.75, then to 1355.25. If support breaks the next target is 1354 to 1353. If buyers come in price will test resistance 1356.75. Next target is 1358.25 then 1359.25 on to 1360.50. If sellers pressure keeps testing resistance, next target is the top trendline on to  target at 1362. Trade What You See

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