Saturday, January 12, 2013

Day Trading S&P 500 Chart

Hi Traders,we are moving to the double top of 2000 & 2008. Is why on this post, I will use S&P 500 Index, to show you what's going on and talk about Market Movement. ----------------------------------------------------------------------------------- First Part: Will be about Market Movement with S&P500 Second Part: Is about Targets on ES 1440 charts for next week. -------------------------------------------------------------------------------------- First Part

Day Trading Monthly Movement of Market

[caption id="attachment_5777" align="alignleft" width="150"]^SP500 (Monthly)  4_2006 - 1_2013 Day trading Monthly Chart[/caption]

Dark Green Trends Lines: This is to show you how confident Buyers was few month ago.

Lime Green Trends Lines : As you can see...after 1300 points, Sellers and Buyers are more careful. and we have more consolidation zone, and almost every time, we have important unsupported price.

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