Day trading course Silver Bottom pickers could be slaughtered.

Day trading course Silver Bottom pickers could be slaughtered.  Remember Silver gets more margin calls than any other commodity and trying to pick the bottom is for investors, not money makers.  Day traders will get squeezed on this if they try and guess where the bottom is.  Wait for a clear turn. [caption id="attachment_3743" align="alignleft" width="300" caption="Day trading course Silver bottoms high risk"][/caption] Last three days have been a quite volatile move down with some momentum.  We could het a break around 35-36.50 but would not go against a moving train like this one. The support on the 200 MA at 31.00 looks like the extreme low. the Zone between 34-37 will be an area to watch for some consolidation into the close.  Friday will be the tell all as investors again wake up to the price change and think, well now is the time to pick it up, probably in time to see them squeezed again. Buying dips is great, but this is not a dip, it is a short term correction, and waiting for the re establishment of the trend will be easier on your account. Be patient.

S&P 500 day trading course

Day trading course Gold- on sale for a week

Day trading course - Gold on sale for a week as pressure has come off for a flight to safety.  Seems that a little pressure is taken off the markets in celebration of getting rid of one of the US's top terrorists.  The Gold silver ratio hit 32 which is the lowest it has been in quite some time. It seems that people sold off from over $50 and are looking to buy physical Gold at this level and waiting for  turn on Silver. [caption id="attachment_3739" align="alignleft" width="300" caption="Day trading course Gold - major drop targets"][/caption] Remember gold and silver markets are very volatile and can move quickly. Don't guess the market. Here are some levels for you. 50% retracement on this leg up, 1476.18 61% retracement 1452.47 Extreme low 1423. Watch the 50MA at 1467. area Yes, it could turn here at present price levels a move back to 1500 and then continuation to lower levels would not be unusual. 5 days of down market. I am watching for tomorrow, going into the weekend could be volatile as buyers start to notice price.  

S&P 500 day trading course

Day trading course Bearish channel Day trading tips

Day trading course Bearish channel Day trading tips on S&P500 Emini futures contract. [caption id="attachment_3735" align="alignleft" width="300" caption="Day trading course Bearish channel Day trading tips"][/caption] Point of control is 1338.75 There is a sticky consolidation Zone from 36-39 with head fakes side to side. Support at 1330.75, expecting to see price head to the 50MA (purple) and consolidate between the point of control an the 50 til we get some direction. 1348.75 for resistance, then 1356. Our Support is 1330.75 then 1325 and 1318.75. Market makers were determined to hold this down this AM with buying off of the 1332 area reversing the market.   Watch on the approach of the 1345 area as this is where we can get the turn to continue on a longer term bullish channel.  

S&P 500 day trading course

Day trading course S&P500 price action Day trading tips

Day trading course S&P500 price action Day trading tips [caption id="attachment_3728" align="alignleft" width="300" caption="day trading course short term targets"][/caption] Point of Control on the S&P500 emini future is 1340 in the afternoon session, this is the turning point to continue the longer term bullish channel.  If the sellers keep control under the 1340 mark we can see new lows to 1332.50 and 1325. area for support. Day traders have predominately sold off in the am and lunch time hours.  A re tracement to 1346-48 area in to the close would be a normal move. Resistance coming in at the 50 MA Purple and the 200MA red. with further resistance at the pre Ladin swing high at 1360.  The false move to the 1374 area was a fluke, but does make it easier to attain the extreme high of 1381.25 in previous week. Day trading course S&P500 price action Day trading tips.  Keep watching as earnings will reveal some interesting Dynamics as profits will come to an end as the unemployment figure as related to  the long term effects of ridding your firms of employees starts to see diminishing returns in long run.  Normally after 1 year.  

S&P 500 day trading course

Day trading course price action and Point of control

Day trading course price action and Point of control [caption id="attachment_3723" align="alignleft" width="300" caption="Day trading course short term targets"][/caption] Point of control is 1355.25. Seems that we are in a mid term double top and a consolidation zone.  Looking for a 4-7 point channel bouncing out stops. 1350-57 with lots of head fakes through the  lunch session. Support coming in 1350, 1349.25 Resistance 1355-1357. then next move to 1362.    

S&P 500 day trading course

Day trading course targets, May 1

Day trading course targets on the S&P500 emini futures. [caption id="attachment_3709" align="alignleft" width="300" caption="day trading course targets May S&P500 price action"][/caption] Watch for a break out of the Congestion zone. Support coming in at 1354 then 1346 and an extreme low of 1332. The S&P500 emini futures contract saw a lot of low volume lift this week to reach a high ov 1373.75 on the news of Osama Bin Ladens death by US seals. The Break out prices of 1357.75 for sellers and th1362.25 on buyers side. Point of control coming in at 1361 for direction. Resistance coming in at 1366 then previous swing high of 1373.75 then 1379. As this is earnings week, expecting low volume today with a pick up on Wed- Thursday and a light trading day Friday with price lifting to make up for any corrections this week. Lot's of head fakes to occur during lunch time, watch your self on the break outs.

S&P 500 day trading course

Day trading course price levels Day traders S&P500

Day trading course price levels Day traders S&P500.  Friday the futures market is closed.  Three day weekend for S&P500 day traders.  These are the price levels we reached this week and day trading targets for this next week as we round the week out in four days of trading. [caption id="attachment_3705" align="alignleft" width="300" caption="Day trading course price levels S&P500 day trading"][/caption] We tested the support on the Extreme low on the S&P500 emini future.  We put this support in from the beginning of the month with a top side extreme target of 1362 we are expecting sometime soon. The poing of control on this move up is around 1333.  Buyers attemepted control on the S&P500 in the morning with sellers consolidating the price action in the small 6 point consolidation Zone. Day traders hit alot of resistance on1334-35 ans support just under the 1330 level.  A frustrating day for most unless you are like us and finished by 1030 - 11:00 am market time. Looking for another test on the support to 1325 and a low of th 1318, before moving on to the high side targets at 1340 and then on to the extreme high.  

S&P 500 day trading course