Thursday, March 1, 2012

Day trading course March is for a drop bounce

Day trading course watching for a V bounce in the S&P500 as oil puts pressure on the indexes.

learn how to trade Day trading course This is a picture of a possible "V" bounce on the S&P500 emini futures. Day trading course is looking at areas of support and resistance. The sellers have finally come in with enough volume to have a short term turn in the market. Watching for a break of support at 1352.25 with a volume increase in the next two days.  Once  sellers break the 1352.25 area watch as the price tests for the next two weeks (up to the 22nd of March) to the support levels of 1318.75 and then 1300.  If there is an extreme sell off we are looking for support at 1252.25.  A total of a 100 point move on the S&P500 emini future. If support holds at this level the watch for a bit of consolidation, to the 1328 area then a continuation on light volume through 1400 then to 1463.25  Either scenario will lead is to this first move up going into the election year and with the mix of oil related problems moving into the summer we could finally see some volatility. 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 essenti [...]

day trading course

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