Day trading course - Gold Silver and SP500 where are the day traders taking this market with all the volatility, noise and politics as usual.
The S&P500 emini futures took off today heading for new highs. Traders have taken above the previous resistance line and are settled above 1300. Looking for a close above 1325 for a further push to 1354 for a double top and then some profit taking. Support is coming in at 1305 then 1317. The point of control on tomorrow's opening around 1315 again as we might test this move up. The break of Yesterday's doji was the key on this move up after a weak sell to 1305 area. If we get a complete reversal in the am we could see 1292 then 1283 with an extreme low of 1260. Buyers are supporting at every turn. Remember it is not the plunge team that is working it is the Economic support and recovery team pumping contracts into this market. Will post some silver and gold charts in the AM when the market opens. Looks like silver traders are shooting for the previous resistance at 34. Will post charts in the AM.Day trading course looks at price and direction, the support and resistance and the direction of the market.
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