Wednesday, August 5, 2009

Trading Day Wednesday, August 5th


Hello Traders, Wow can any say "seesaw"? Down, up and down. Well today opened within 3ticks of yesterdays close at 1003.25 and immediately filled the tiny gap. Also continued on down to hit the low at 991.25. Hovered there a bit and came all the way back to within 1 tick of the high at 1004 just to sell into the close to end the day at 999.75. That's about a 13 point trading range on the day. Looking at a 60 minute chart it has not broken thru its 100 simple moving average that has acted as support for the last couple of weeks. We shall see what tomorrow brings. Take care out there and remember to always use stops.
LauraQ

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

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