Day trading course - downward pressure

  [caption id="attachment_4650" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Resistance is moving down and there was a gap down from 1268.50 to 1266.75, Now testing support at the 1265.50 area of support. If buyers try to close the gap with pressure to the upside, the 1st target will be resistance at 1268.25  to 1269.50. The next level of resistance is 1271 and then on to 1273.75.If resistance breaks the next target areas will be  the outer resistance levels of 1277 and 1279.50. There might a period of ranging at the present level. If sellers come in to test support the 1st target is1264.25 and on down to 1262.75. Test What You See

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Day trading course 2012 bulls setting the stage

Day trading course 2012 bulls setting the stage for sentiment as the year opens above major resistance.

Day traders have joyously opened and rallied the market above the resistant trend line that formed a previous pennant.  This gap up has "sparked the sentiment of change that  is in the marketplace. 2012 will hold many "surprises" for the market place as Market Makers again have got our eye off the ball in the short term as the Euro is about to face the biggest tests of their community.  The big winner will be the Dollar index this year as Greece brings more of its dirty laundry to the table and holds the rest of the EU hostage for more money to bail them out.  This coupled with Spain needing more money to make up for their short falls will be the last inch before the euro falls. Day traders see that the support at 79.84 is a critical point for the strength of the dollar index.  Support is coming in here and at 79.50 as we approach the 50 Moving Average in Magenta.  There could be a possibility of it pushing through this area, then we would look for the next support at 78.50. There is minor resistance at 80.50  and a point of control in the short term to see if buyers can maintain the trend.  The next resistance is 81 then the most important major resistance at 81.30.  If buyers close above here we are looking for a new floor to be established over the next two week period of trading.  81.30 is the long term point of control, and looks like it will be a dog fight over direction here.  I would normally look at this as a double top with a target [...]

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Day trading course - consolidation

[caption id="attachment_4623" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After a steep decline there was support that held at 1243 with a subsequent cosolidation channel with range of support at 1244.50 to resistance at 1249.75. Then 50% retraction to resistance level at 1255.50 to 1256. Now in consolidation in this area. If buyers come in and break the resistance at this level the 1st target is 1257.75 onto next level at 1261. Buyer pressure could drive price back up to test resistance at 1263.75. If resistance holds, sellers could come in to drive price back down to test support at the 1st target of 1251. If this support level is to break, the next level to test would be 1249.25 onto 1247, then to the lower price target of 1244. Trade What You See

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Day trading course - testing resistance

[caption id="attachment_4619" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There has been a bullish movement with a strong resistance level at 1263.50 to 1264. If there is a retraction and the sellers come in, next support level is at 1261. If that support level breaks through the next level is 1259.50 onto 1258.25. The next support levels are 1257.25, 1255.50, the bottom trendline, 1254.25 then onto lower range of 1249.50. If the buyers keep coming in, the pressure will keep driving price up to test the next level of resistance at 1268.50, 1279 and onto the outer target of 1283.75. Trade What You See

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Day trading course Christmas Rally market gets lift

Day trading course Christmas Rally market gets lift and rallies on light volume.

The S&P500 emini futures bounced off of support here for a light volume move to 1234.  After the constant grind of Europe working to get some footing, the markets get a little respite in the form of a couple hundred billion from the IMF.

Day trading course focusing on the S&P500 emini futures support and resistance and day traders getting direction in the market.

The first area of support is at yesterday's close 1196.25 on the emini futures.  The range of 1266.50 to 1195.25 gave us a 70 point range with the first area of resistance on a rally up to 1231.  After some consolidation around the Point of Control 1220.25 buyers took control and moved the market to the upside.  We are approaching the first major resistance on the long term 200ma (in red) at 1241 area.  Not expecting movement above here but if the sellers come in at the close, we will be watching for a test to the resistant trend line around 1260. Remember this is Christmas week and "supposedly" all the big money is on vacation.  Although if they are in vacation we would have seen a bigger sell off last week to settle positions.  The big money is still around, watching as money flows in to the debted coffers of the European banking system.  This has given some short term relief for the Euro and pushed the dollar index down. [...]

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Day trading course - wide ranging market

[caption id="attachment_4606" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. The market has been trading in a wide range between support at 1202 and resistance at 1225. A  pierce and test of support at 1202 followed with a rally up to present levels with buyers pressure to test resistance at 1219.75. If buyers pressure continues and the resistance at 1219.75 breaks through , the next target to test resistance will be 1220.50 to 1222.25 and then on to next target level of resistance at 1223.50. If sellers come in, a reverse to a bearish movement will have price to test the next level of support at 1215.75. If there is a pierce and breakthrough of support the next target is 1213.75, 1209 and then on to 1204 and 1202 respectively. Trade What You See  

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Day trading course - bearish channel

[caption id="attachment_4601" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

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