S&P500 day trading course pre open

S&P500 day trading course pre open support and resistance. [caption id="attachment_2278" align="alignleft" width="204" caption="S&P500 day trading course 15 min chart"][/caption] Point of control is 1157.75 support at 1154.25 if we break below that then we are looking for 1142.25 and an Extreme low of 1119.50 If it is a low volume Friday watch out for the close and lunch when the London market closes, we could see some volatility. on the upsdie 1161.75  is first resistance, 1168.75, then 1171.25.  Again if it is low volume watch for a run up to even 1179.50 . I don't see any volume commitment at these levels to put up much of a fight, yet there is a number of players that will pull their bids if there is a sell off.  Would not be surpirsed to see large moves if there is a sell off. Watch yourself and always use your stops.

S&P 500 day trading course

S&P500 day trading course London close

S&P500 day trading course London close and the direction for the day. [caption id="attachment_2266" align="alignleft" width="204" caption="S&P500 day trading course 15 min chart"][/caption] The major trend lines in this bearish channel give our direction for the day.  I see no volume commitment that will enable us to break through the support at 1142.50.  Check the daily chart below to see the areas of support. Looking for a bounce to 1168.50 and if buyers are firmly in control a move to 1170 area. If we get a volume increase I would look for some selling into the close with 1161.75 as the low. Coming on the 200Ma furthering support at 1160-61 . Tomorrow could be some fireworks as we are heading into the weekend.  Expecting to see another push up on the EURUSD that might bring our markets a touch higher. S&P500 day trading course daily chart. [caption id="attachment_2267" align="alignleft" width="219" caption="S&P500 day trading course daily chart"][/caption] Resistance at 1175.  This is the level I put up three days ago. The area between 1161.25 adn 1175 is where I am looking for this market to consol [...]

S&P 500 day trading course

Forex day trading course EURUSD

Last weekend's announcement of the massive EU/IMF bailout has yet to achieve the effects sought by its architects. Yield spreads in Greece, Spain and Portugal have not yet returned to normal levels. In FX, the EURUSD continues to erode at an alarm rate – trading down to 1.2606 as Europe opened this morning. Given the extreme short positioning on the EURUSD, a short squeeze could easily gain downward momentum. One of the core drivers for this move is low liquidity, as many market participants are sidelining their cash in traditional wait-and-see fashion. [caption id="attachment_857" align="alignleft" width="233" caption="Forex day trading daily chart 5-12 eurusd"][/caption] USDKRW declined0.3% to 1,138.60 after North Korea was reported to have made headway in its quest to become a nuclear power. The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2% for a 15th month as Europe's debt crisis adds to concern that the nation's recovery isn't yet strong enough to withstand higher borrowing costs. BOK Governor Kim is facing pressure to join India & China in withdrawing monetary stimulus as South Korea grows faster than expected on surging exports and stronger consumer spending with the GDP growing at 1.8% and unemployment rate falling to 3.7%. The recovery will likely lose steam in coming months as the global economy slows amid the European debt crisis according to analysts. China may relax the Yuan's peg to USD this month to head off criticism of its currency policy during May 24-25 talks with the US and he [...]

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S&P500 day trading course open gap and targets

S&P500 day trading course, we are looking at open gaps and a possible break out to new levels on the daily chart. [caption id="attachment_2262" align="alignleft" width="219" caption="S&P500 day trading course daily chart"][/caption] Open Gaps  1154, 1109 Point of Control for today 1160 Upside targets (resistance) 1168, 1175, 1182.25 Downside targets 1160, 1159.25, 1149.50 Still looking for the lower high pattern to form with some doming as we have price failure on the move up.  Would be a good sign for a continuation down if we close around 1157 today. We are moving up with decreasing volume again.  Buyer commitment in supporting this market is weak.  If we have a small ranging body in this pattern, we could see a break of the 1142.50 support this week. 200MA is around 1094 for the extreme low resistance.

S&P 500 day trading course

S&P500 day trading course

S&P500 day trading course levels of support and resistance. [caption id="attachment_2255" align="alignleft" width="219" caption="S&P500 day trading course daily chart "][/caption] As you can see we retraced back to  the yellow resistance line at 1160 that I have drawn in from the initial break down on 6th of May with our 200 MA as the target. I am expecting this to consolidate in this area with 2-3 days of indecision in a tight range. Support at 1142.25 then again at 1119.50 Open gap at 1109.75 to the down side. On the upside we could see the test of previous highs at 1158.75-1161.75 S&P500 day trading course mid term trading charts 30 min. [caption id="attachment_2256" align="alignleft" width="204" caption="S&P500 day trading course 30 min "][/caption]

S&P 500 day trading course

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S&P500 day trading course May 10 trading levels

S&P500 day trading course day trading levels on the S&P500 emini futures. [caption id="attachment_2252" align="alignleft" width="219" caption="S&P500 day trading course daily"][/caption] ON the daily we can see the areas of support and resistance.  Would not be suprised to see this test up to complete a pattern that would continue down on Tuesday or Wednesday.

S&P 500 day trading course