Day trading course – Gold Silver and SP500
Day trading course – Gold Silver and SP500 where are the day traders taking this market with all the volatility, noise and politics as usual.
The S&P500 emini futures took off today heading for new highs. Traders have taken above the previous resistance line and are settled above 1300. Looking for a close above 1325 for a further push to 1354 for a double top and then some profit taking.
Support is coming in at 1305 then 1317. The point of control on tomorrow’s opening around 1315 again as we might test this move up. The break of Yesterday’s doji was the key on this move up after a weak sell to 1305 area. If we get a complete reversal in the am we could see 1292 then 1283 with an extreme low of 1260.
Buyers are supporting at every turn. Remember it is not the plunge team that is working it is the Economic support and recovery team pumping contracts into this market.
Will post some silver and gold charts in the AM when the market opens.
Looks like silver traders are shooting for the previous resistance at 34.
Will post charts in the AM.
Day trading course looks at price and direction, the support and resistance and the direction of the market.
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We normally have a Montreal Day trading course, a Calgary Day trading course, and a New Smyrna Beach Day trading course.
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.
Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by 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 – testing resistance
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.
After a period of consolidation buyers came in to touch and test resistance at 1298. Resistance level held resulting in sellers pressure to drive market down to pierce and test support at 1286.75. With definite support at that level buyers came back in and drove market price back up to pierce and break through resistance level of 1298. Right now market has gone into consolidation and indecision.
If buyers come back in 1st level to test is 1302.50. Next target is 1309.25, 1314.50,1321 and onto 1324, 1335 to 1342.
If sellers come in, pressure to the downside to test support at 1297.25. If there is a breakdown of support the next target is 1294.25 then onto 1291.25,1288.25,1287,1283 and onto 1281.25 and outer level of 1275.
Trade What You See
Day trading course – break of support
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.
After a bullish run a price failure with a pierce and breakthrough of support resulted in testing support at 1293. With a failure of support at that level a strong bearish move to present consolidation in the 1288.50 range.
If buyers pressure keeps coming 1st target to test support is 1286, next target is 1284.25 on down to 1283,1281.25 to 1280.
If buyers decide to come in if support levels prove strong at 1287.50, 1st target of resistance to test is 1290.75. Next targets of resistance are 1293, 1295, 1298 and outer target at lower trendline of previous channel at 1301.75.
Trade What You See
