S&P 500 Day Trading Course Gap for Mar2, 2010 Support and Resistance

With yet another weak volume move up prices moved through the previous resistance high of 1112 and into the 1115 area.  Prices closed trading for the day at 1114.00 after trading a consolidated 8.75 point range though the day.  The lack of commitment on these moves up through resistance make it probable that they will retrace back down for another test on support.    Where that will be depends on how high these prices float before market makers decide to sell off.  Be careful, there is still more tight ranges and slow moves to come. 

S&P500 day trading course