Tuesday, May 5, 2009

S&P 500 day trading course for May 5, 2009 learn how to trade


S&P 500 emini futures day trading course

Well what a day today! Hope nobody got creamed today because my 1min chart looked like a basketball going down the court! OK but now to business, we opened @ 900.25 today after yesterday's 904.25 close. 11min into our day today yielded us our high of 904.75 @ 9:41. From here we began our day of yo-yo like head bobbing, watching price move between a few points of support and resistance. Today's Point of control coming in at 896.25. We had a bit of a scuffle only to see our aggressive buyers run away with it after hitting our intraday low of 893.50 @ 2:32, much like we have been seeing for the last few weeks. Only today we managed not to make any over all direction, trading inside an 11 point range getting our close today @ 900.00. Just one tick below our open this am. Watch for 904.25 area, as it looks to me like we have had some resistance fighting a breakthrough there. Possibly a POC for tomorrow?? Guess we will see.


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