Day trading course

[caption id="attachment_3995" align="alignleft" width="307" 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. Price just touch and tested support at 1332.50 On Friday after the strong bearish move at markets close buyers moved in to push prices up to the resistance at 1342.50, only to have the bears move price back to its present range between support at 1332.50 and resistance at 1335.75. If price breaks through, next level of support is at the bottom of the channel . Then onto target at 1329.25,from there itcould go as far as next target of support at 1325. If present trend reverses buyers could bring price back up to resistance at 1336.50 , next target is at 1338.00 If that resistance is broken through next target would be 1342.50, then next target is at 1349.75 , if price breaks through that level it could go up to as high as top of the channel and then onto testing the target at 1358.75 Trade What You See  

day trading course

Day trading course - price action

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Price broke through support at 1341.75 made it's way down to 1337.75 touch and tested support at this level. If support holds next target on the way up is at 1343.50 at the top of the long term trend. If it breaks through could reach target at 1351.25. If the sellers keep going target is at next support at 1334.25, then if support gives way at this level target is the bottom support level of long term trend, If there is a break through support next target is at 1326.50 . It could go as low as 1313.25 .  Trade What You See.

day trading course

SP500 day trading course consolidation

The S&P500 day trading course looking at a very consolidated trading range with no volume.

We are continually bouncing in this small range and looking for some commitment to take us out of the range. [caption id="attachment_3979" align="alignleft" width="280" caption="Day Trading Course|866.640.3737|learn how to day trade"][/caption]

The daily chart is showing more and more consolidation between 1324-1340.

The point of control in this range is 1334 with buyers and sellers taking each other out in the regular trading sessions. It seems that they are looking to wait each other out as we are in the full swing of the summer session. We have had a move up from the spring sell off and buyers have consolidated here to catch their breath. There is a possibility of a test to the 50MA at 1310 before a continuation with the major trend as the bearish trend resistance in the channel was broken. If a sell off were to occur, which seasonally is very possible before the next rally before the August summer holiday, we could see 1280 as the major swing low before the continuation up. The key is the 1302 area and how it holds. Support at the 1300 level has held on many attempts previously. Watch for the test down from here. A break above 1345 would be a strong signal that the buyers are back in control. Watch for 2-3 day closing above this level with no price failure for a continuation. Summer is coming on quickly and there is hesitancy on the part of traders to commit in this market. Remember most industry players will b [...]

day trading course

Day Trading Course|866.640.3737|learn how to day trade

S&P500 day trading course learn how to day trade the emini contract. Price broke through the resistant trend line. [caption id="attachment_3971" align="alignleft" width="280" caption="Day Trading Course|866.640.3737|learn how to day trade"][/caption] If price closes above 1330 we could see a test up to next resistance 1340.50 then 1358.75. We are still under the resistance from the Bin laden break out. Point of control is 1317.25 for this move up and will be around 1326 dependent on the after hours trading for Sunday and Monday evening.

day trading course

Day trading course breaking bearish channel

The S&P500 day trading course is looking at price action in the Bearish Channel and a possible change in direction. [caption id="attachment_3967" align="alignleft" width="254" caption=" Day trading course|866-640-3737| learn how to daytrade|Day trading coach"][/caption] The point of control on the daily chart is 1302 with the buyers in control in today's session.looking for a high of 1317 with consolidation at the top of this move up. We are approaching the resistant trend line in this bearish channel that started this May and has continued. If price breaks above he the 13220 mark we could look for a move to 1340a and then to test the pre-Bin laden rally before the drop. Support is coming in at 1290 then 1271. On the short term charts we are looking for a test of support at 1308 and then consolidation between there and the swing high of the day.

day trading course

Day trading course

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Price in consolidation ranging between 1305 & 1307.25, after a breakthrough of the 1305 resistance level. Price has been in a slowing bullish channel, testing both the support at the 50MA and the resistance at 1305. If there is a break through resistance at 1307.50 target will be a test at the top of the channel. Bullish momentum slowing down, so if price drops below support which happens to be both the bottom of the channel and the 50MA , the next target to be tested will be at 1293.25 .

Trade what you see.

day trading course

Day trading course-continuation of bullish trend

[caption id="attachment_3954" 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.   Bullish trend continuing, after hours ranging between support at 1291.50 and resistance at 1294. If price breaks through resistance at 1295 price target to test top of the bullish channel, if price drops below support at 1294 target is 1286 then onto 1280.25 .It would have also broken through channel support so prices could go down to test 1273 and go as low as 1270. Trade what you see.

day trading course