S&P500 day trading course Inverted H&S is still holding on the S&P500 emini futures chart, we have tested down to 1036.75. We have tested down 3 days out of six. The point of control is 1049.25. The FOMC will be at 2:00 so we might have another low volume day.
S&P500 day trading course inverted Head and Shoulders on daily chart
8:30 S&P500 day trading course news release Personal income, spending and PCE Heads up.
S&P500 day trading course price action and levels of support and resistance.
S&P500 day trading course price action support and resistance
Point of Control will be 1047.50 on the day. 5 down days in a row. This is normally where we get a bounce so watching for a doji on the day. Support is coming in at 1040.50 with next major support at 1036.75 then 1025.25 and an extreme low of 1001.25.
WE could consolidate around the POC and then close at 1049.25 . with further resistance at 1055, 1062.75 as the 200MA is going to put up some tough resistance.
