[/caption] as mentioned yesterday looking for the close around the 1198 to 1200. May 4 S&P500 day trading could be support around the 1188.25 area. Resistance into 1202.50 to 1208 area. 1208.75 is where price can break free for a move up. Most likely will stay consolidated if it breaks through 1202.50. Point of Control is 1197.50 for Tuesday. Expecting the S&P500 to close at yesterdays opening levels to maybe signal the second part of the move down. Problem again of low volume and the market floats up on low volume. If we get some selling pressure we could see 1179.75 showing some cracks in the support for possible future sell off. S&P 500 day trading course
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