Sell off in SP500 threatens psychological support

Sell off in the S&P500 emini futures is challenging the Psychological support at 1300. Buyers are wondering if they can hold this position any longer. Will they have to sell?

Click on the chart to get a better view. The S&P 500 emini futures day trading course is looking at areas of support and resistance. Be aware and Beware - Trading futures is high risk, don't listen to anyone's opinion. Do your own home work and be sure to keep your money away from this market if you are not using a stop.

Psychological Support is 1300. Watch out below as Buyers may not be able to hold.  Point of Control for May 18 is 1302.75 with a downside target of 128.025 then 1265-68.

This is the finish to the video I put up last night.  The after hours close on the S&P500 emini is just on the 1300 psychological support.  Watch out for the talking heads.  If they bring in the doom sayers "market is heading to 666" then I will watch for a headfake to 1265 and some capitulatory volume. As mentioned the EURUSD and the Dollar index are running against each other and we are headed to  Their respective support and resistance lines.   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&amp;P500 emini futures support and resistance and <a style="text- [...]

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Consolidation in a bottom range - Day trading course

Consolidation in the S&P500 emini futures as a major support has been reached.

  Watch the bounce this am off support and could see some price failure then a move up. Depending on what occurs with the dollar index and Europe we could see a bit of a break on this move down. 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 direction of the market.

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Day trading course - SPY (ETF)

[caption id="attachment_5167" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade l Day trading education"][/caption] Trading the ETF (SPY) in the trading course live room. The ETF - SPY has been in a bearish trend with price action hugging the lower trendline. If the sellers keep pressuring price to test support at the bottom trendline, a pierce and breakthrough of support may occur to drive price to lower lows past this bearish trendline. If conditions go into the oversold area, buyers may come in to fuel a rally to the upside to test the resistance levels. The first target is 133.79. The next targets are 135.06, 135.89, 136.67, 137.65, 138.94, 140 and on to the outer resistance target of 140.64. Trade What You See

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