Day trading course Silver Sell the Rumor?

Day trading course Silver and selling the rumor.  Day traders have been playing an interesting cash flow from paper SLV etf to Physical.  As we are watching the whole market basically changing hands as the Margin requirements have been changed and rumors fly on new requirements that could come out this week.......Sounds like bull, the market feeds on this type of Drama.  It also seems Market Makers have used their savvy to have $25 puts on slv making a 7 fold profit in just a few weeks.  Probably one of the best calls of the year, but I don't think we are going to see anyone step up for the curtain call. [caption id="attachment_3751" align="alignleft" width="290" caption="Day trading course Silver day trading tips"][/caption] You can see the major down trend and the small buys that have delayed our train for a few hours.  Support is in at 34.00 with a low of $33.02.  The pattern gave us a nice reversal to 36.20 which is a $3.00 stop.  Took it out and looks like they will use this head fake to make another run on stops at 34.20 and below. This would give us an inverted Head and shoulders but probably won't execute in to the close. Expecting a low volume close. Who would hold into this with the possibility of a gap down and then rally next week?  

S&P 500 day trading course

Day trading course Inverted Head and Shoulders

Day trading course Inverted head and shoulders on S&P500 emini futures.  Day traders on the S&P500 are watching this consolidation zone from a break out of an inverted head and shoulders. [caption id="attachment_3747" align="alignleft" width="300" caption="Day trading course Inverted Head and shoulders day trading tips"][/caption] This Beautiful Inverted Head and shoulders started to execute early this am.  Pre New York open. You can see the break of the Bear Channel's Resistant trend line with test down to the 50MA, purple, and then breakout from 1337.50 with news at 8:30 ensuing in 13 point run to 1350. A full extension on this move will be to 1372 Extreme high. The Point of Control is 1344.  There is a consolidation zone from previous price action 1345-48. During lunch this is the where a lot of retail will be headfaked. Resistance on this move is the swing high of 1350 with 1356 showing some minor resistance to a move up on previous swing highs on Long term. Looks low volume for the day, which normally coincides with price levitation. The 200 MA will give some Resistance on this move up.  Might have to bounce down to 1341 area to make the move up.    

S&P 500 day trading course

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