Day Trading Course - rebound

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

The S&P500 emini was ranging until there was a pierce and breakthrough of support at 1374 with a downtrend to consolidate at between 1353 to 1357. A strong support at the bottom trendline of 1353 prompted buyers to come in and head price  towards the 50SMA,  to hang around there and test resistance. At this time still trying to test resistance and possibly break through the resistance at the 50SMA.

If buyers pressure breaks through at this level, the first target is 1366. The next target is the top trendline and on to the outer target of resistance at 1373.50.

If resistance proves strong, sellers will come in to pressure the price movement to test support at the first target of 1362. If support breaks, next target is 1360.75, then onto the next levels of support at 1359.50, 1357 and 1354.75, with the outer target of support at the bottom trendline.

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Trading could be looking at a push to

With a break in an upward trend line the sellers could be taking control of the market and pushing price to the downside. If sellers remain in control the market could be pushing down to fill a gap left open in February and a return to around 1320. If the buyers come back in and take control again look for the market to return to the 1420's and beyond for continued growth and record breaking profits.

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Day trading course - bearish

[caption id="attachment_5082" 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. In the afternoon at 1430 there was a pierce and test of the support level at 1393.25. Price failure led to a rally the rest of the afternoon till closing at 1400.50. After hours consolidation with another test down to support level around 1398. After some indecision resistance level at 1401.25 broke to test the next level of resistance at the trendline. Sellers came in and pushed price down to test and breakthrough support at 1398.25. If sellers commit and break through support at 1397 the next target is 1393.25. If buyers come in pressure will take price to test the first target at 1401. If there is a breakthrough of resistance the next target is 1402 on to the resistance at the trendline. The next target levels of resistance are 1404.75, 1406.50, 1408.50, 1410.75 and on to outer resistance level of 1414.50. Trade What You See

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Day Trading Course - Bearish Channel

[caption id="attachment_5075" 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. A bearish channel has formed and after testing support at the bottom trendline a rally up to break resistance at 1389.25 with consolidation has formed new support at that level. After some indecision with pressure to the upside buyers have come in to test the upper trendline of the channel. If buyers commit a break through of resistance at the top trendline would have the first target at 1394.50. Next targets are 1397.75, 1401.50, 1402.50, 1404.75 and an outer target of 1408. If resistance is strong at the trendline testing of support at 1393 will have sellers come. If support breaks for the first target is 1390.75. Next target 1388.25 ( middle of channel ), 1385.25, down to 1382.75. Outer target is 1380.50 and the bottom trendline. Trade What You See

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Trading Gold, Euro, SP500 futures

Trading Gold, Euro, SP500 futures and the dollar index seeing areas of support and resistance.

I have put up a video on trading gold below. I am going over this chart with S&P500 emini futures, the Euro chart, and the DX or the Dollar index chart. I combine these on a 24 hour chart to show price action after hours in the 24hour international trading community. Trading gold has a different time frame, even though traded mostly on the US markets, but open again 24 hours on the futures market and traded through London, Tokyo, Hong Kong, and New Dehli. Trading Gold in the Indian markets has been a bit tricky with the effect on purchasing gold and bringing it in to the country. The net effect has been increased taxes and buyers have pulled back. The Indian market has been on a 5 day holiday and the gold bulls are hoping that the demand comes back into the market soon. Looking at the S&P500 and the Euro, it seems that there could be some de-coupling coming up as the bonds market, which I mentioned in yesterdays video hit some support. It looks like the sellers could step in again and the transfer of money into the S&P500 could see a push up as the Euro hits resistance and could see a retrace. We will see if the euro holds the 1.32 support. If it can then we might see the dollar index do a bit more to the down side. Targets on the euro for tomorrow if support breaks1.3205 then 1.3172, below here of course the psychological 1.31. If we move up to retrace the sellers move [...]

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Day Trading Course - Ranging

Day trading course l 866-640-3737 l learn how to daytrade l Day trading education

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

There is a general range between support at 1393.50 and resistance at 1408. When price pierced and broke through the support level at 1393.50 there was a price failure and a move to the upside. After consolidation and testing resistance at 1401.75 price broke through to reach up and start a new range with 1401.75 now acting as support, as in the past after hours trading of Monday 3/19. Resistance is now at the top of the range at 1405.50 level. Sellers have now come in with some commitment to try and test support again. If they break through, the first target is the strong support level of 1401.75. Next target is 1400.25 on down to the next targets at 1399.50, 1397.50,1394.75 and outer target of 1391.75. If buyers come back in buyers pressure will bring price up to again test the upper range at 1403.75. Next targets will be 1404.50,1405.50 and outer target at the 1407.50 - 1408 range.

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Bond Market about to fall - US indexes stall Day traders

Bond Market about to fall - US indexes stall Day traders are looking for low risk entries on this continuation up.

This is the weekly chart on the 30 year bond futures.  Price has just moved down the past week to break the support at 139.17 where it has held up for over four months.  we have had slightly decreasing volume during this period until the floor was broken.  Sellers moved in this last week an evidently the Fed has not approved more Economic Recovery team dollars to hold them up at this price. The unfortunate side to this price action is that in the long run the fed might have to increase bond interest rates in order to lure the Chinese back to the table.  As the Fed gets the treasury to print more and more dollars it weakens the value of the dollar for foreign investors and could put the bond market in a free fall.  This interest rate hike will occur when bonds drop through the previous support around 127.16 and works it way to 116.16 where we could start to see strong support.  If this moves down to this level be prepared to see out housing market get its second round of beatings.  As interest rates soar to cover and bring money in for the bond sales to support our interest on the deficit, we will see housing loans slow, price drop and more down ward pressure on employment and increasing food prices.  With in a year we could see the formation of a pattern known as a head and shoulders with the right shoulder approaching 127.60 as resistance to consolidate and then another sell off in the bond market.  The bond mark [...]

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