Euro sighs relief as the politicians agree to agree and the US market rallies hoping to get back on track. Get ready for the S&P500 to run into resistance.
Day trading course looks at how the S&P500 price action model is effected by market fundamentals and the European markets agreement to agree. Watch the markets rally into this pause. The Europeans have kicked the can down the road to December in their decision making and give appropriate hand outs on the way. The S&P500 emini futures rallied in the overnight gapping up equities at the open. The bullish direction will hit some resistance as it approaches the initial resistance at 1348-52 and an extreme high 1358. The key for the market to keep this trend is a close above 1350 with futures holding and moving up into the weekend close. On Monday watch for a the pressure on the futures market with the Asian and European opens. Could see a move back to 1338 support. If we see price failure under the 1338 support to 1334-6 area watch for a turn and keep the direction of this mid term move. 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 s [...] day trading course
No comments:
Post a Comment