Day trading course March is for a drop bounce

Day trading course watching for a V bounce in the S&P500 as oil puts pressure on the indexes.

This is a picture of a possible "V" bounce on the S&P500 emini futures. Day trading course is looking at areas of support and resistance. The sellers have finally come in with enough volume to have a short term turn in the market. Watching for a break of support at 1352.25 with a volume increase in the next two days.  Once  sellers break the 1352.25 area watch as the price tests for the next two weeks (up to the 22nd of March) to the support levels of 1318.75 and then 1300.  If there is an extreme sell off we are looking for support at 1252.25.  A total of a 100 point move on the S&P500 emini future. If support holds at this level the watch for a bit of consolidation, to the 1328 area then a continuation on light volume through 1400 then to 1463.25  Either scenario will lead is to this first move up going into the election year and with the mix of oil related problems moving into the summer we could finally see some volatility. 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 stock market prices are essenti [...]

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Oil trading - could this be the catalyst for the correction

Oil trading- could this be the the catalyst that throws the economy into a small correction or a big one?

As Oil prices are increasing we are going to see other markets pull back. Key levels on this oil trade.  Point of control is coming in at 104.93.  If support holds here buyers are in control. Oil trading at any level above 107.10 will  start to put pressure on the Dow Jones Transit and S&P500. 112 target in the mid term. and anything over 116, and we will look for a sell off on the major indexes. Dow Jones Transports will be the first to show a correction followed by the S&P500.  Should also see a bit of pressure come in on the Dollar.  Normally, this would signal a rally on the S&P500 but most of the stocks in the S&P500 are strongly correlated to oil prices. Trade what you see and never listen to the so called experts. Oil trading is extremely volatile. 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 oil trading  futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understa [...]

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Day Trading Course - Bullish day

Day Trading Course - Bullish day Monday's Trading

The Low of Monday was a support level of 1353 that has been tested many times since early February. Momentum has been slowing but the bulls still able to fight off the breaking this support level at this time. The buyers need a lot more momentum to go through the 1368/1370 level. One of the first support levels for Tues will be 1362 about the 50% of the prior days move.  The break of 1353 will most likely take us to 1344, then to the 1333.  There may be a fight of control around 1350. Futures are showing the market will open flat after the durable goods orders disappointed the market. 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 stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direction, the support and resistance and the direction of the market.

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Day Trading Course - S&P500 Pulled Back

Day Trading Course - S&P500 Pulled Back 1% 

On the Emini's for the S&P, Monday, Feb 19, was the highest high since spring of 2011, it was on extremely low volume, since it was President's Day in America, at 1369.50.   Wednesday, Feb 22- High was 1364 and Low was 1353.  On the 60 min chart it looks like a 3 day pull back.

Due to easing of monetary funds of Europe and this week in China, 1% maybe the only pull back we get at this time.

Support in this area on a Daily is 1353, 1351, 1346. and well tested 1340.

Resistance, on a Daily will be 1360, 1363 and of course Monday's Highs of 1369.50.

The futures this Thursday morning, are looking within yesterday's lower  range. A larger retest would be healthier for this market.

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 stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direction, the support and resistance and the [...]

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Day trading course - bearish

[caption id="attachment_4942" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There was a touch and test of support at 1353.25, a move up with a prolonged stay to test resistance at the 1355.75 range. A breakthrough then a move up to test the 1357 target of resistance . Another move down to test support once more , then a strong move up to rally with buyers pressure to break through the 200SMA. The resistance at 1362.25 ( the top trendline ) proved strong and price came tumbling down to then reach strong support at 1355.25. There is a definite bearish trend on the whole. The price at this time is hanging around the 50SMA. If the sellers pressure to test support and keep the trend 1st target is 1355.75, then to 1355.25. If support breaks the next target is 1354 to 1353. If buyers come in price will test resistance 1356.75. Next target is 1358.25 then 1359.25 on to 1360.50. If sellers pressure keeps testing resistance, next target is the top trendline on to  target at 1362. Trade What You See

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Bear Channel Bull flag - learn how to trade

Bear Channel Bull Flag - Day traders have been in a bearish channel on this bull flag.

The S&P500 is in a bear channel testing down to 1354. The point of control for today is 1357 and the sellers are in control. The Long term support shows a bottom in his range of 1353-1354. If this gives way, support is coming in at 1346, then 1332 for a sell off. More than likely the furthest we could test down is 1352 on the day with a consolidated close at 1357. Buyers could step into this bear channel to execute a bull flag with a test off of 1352 if there is price failure. The descending resistant trend line would give us the first area of resistance at 1360. if Buyers do not commit to the move the bearish channel will still hold and the price will remain in this very congested zone with a 12 to 14 point range. Bull flag would start to execute with the break off 1364 then 1368 for resistance. On a longer term, the extension of this move could be to 1398 and a possible test above 1400. We are having a course in Calgary this weekend. Join us if you can. There is a Calgary day trader meet up tomorrow evening where I will be speaking. 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 [...]

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Day trading course - descending pennant

[caption id="attachment_4914" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade 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 descending pennant forming with strong support around the 1361.75 - 1362.75 range. At this time seller pressure is testing this support once again. If support breaks the 1st target is 1361. The next target of support is 1358.75, and on down to target of support at 1356.75. If support holds buyers pressure will come in to drive price up to test 1st target of resistance at 1364.25. The next target is 1365.75. If there is a breakthrough of resistance at that level price will test next target of 1367, which is also the top trendline of the descending pennant. Next target is 1367.75 and the outer target of resistance is 1369.50. Trade What You See

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