Thursday, February 23, 2012

Day Trading Course - S&P500 Pulled Back

Day Trading Course - S&P500 Pulled Back 1% 

Day Trading Course, FloridaOn the Emini's for the S&P, Monday, Feb 19, was the highest high since spring of 2011, it was on extremely low volume, since it was President's Day in America, at 1369.50.   Wednesday, Feb 22- High was 1364 and Low was 1353.  On the 60 min chart it looks like a 3 day pull back.
Due to easing of monetary funds of Europe and this week in China, 1% maybe the only pull back we get at this time.
Support in this area on a Daily is 1353, 1351, 1346. and well tested 1340.
Resistance, on a Daily will be 1360, 1363 and of course Monday's Highs of 1369.50.
The futures this Thursday morning, are looking within yesterday's lower  range. A larger retest would be healthier for this market.
Trade what you see and never listen to the so called experts. If you can't see the direction of the market and don't understand how to use a stop, then don't trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late.
Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direction, the support and resistance and the [...]

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