Saturday, January 26, 2013

Day trading Course S&P 500

Day Trading Course of S&P500 for Market Movement and Targets for next week  ,by using ES E-mini.

As you know, wee finally hit the1500 points on ES. First thing to notice, we did not close above 1500(only on S&P 500 index). Second thing to notice; we got about 1500K. of volumes when average was 1000k past days. So, with 500k of extra volume, we wasn't able to close above 1500 points. I won't say is a big deal, but is something to considerate.

ES 03-13 (Daily)  10_09_2012 - 25_01_2013Depending on how market will close on Monday or Tuesday, I will decide to take a trade or not. If I have no signal, I pass for this week once again. Also, depending how market will close this week, it will tell us how February will be.

If market Close lower than ~1461.00, or even better; lower than 1442.00 , I'm looking to Short February.  If we close between 1500 to 1461, I'm looking for another months of consolidation / low volume, till the Fiscal Cliff. PS: Next week we have many important news, every day. I'm looking for very volatile week on Market.   [...]

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