Find us on Google+

S&P 500 day trading August 28 live trading room


The S&P 500 is staying in this consolidated range.   Looking for it to break to 1049 area if there is a commitment on the buyer side.  There is a bit of support under our point of control.  If Sellers could muster a bit of strength it would give us about a 12 point run to the downside.  Watch  your self as we saw today, sometimes the technicals are being wiped out by the invisible hand levitating the market at critical price levels.

S&P 500 Emini Day Trading Gap Friday August 28, 2009


S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Friday August 28, 2009
S&P 500 Emini Day Trading Gap Friday August 28, 2009

S&P Emini 500 Futures opened at 1026.00 this morning, which was .75 points below yesterday’s close.  The small gap filled in the first few seconds of trading, prices headed down 12 points over the first 40 minutes of trading and bottomed out at the day’s low of 1014.75.  Over the next 4 hours of the trading day, the index retraced all of the morning’s decline, and then topped out at the day’s high of 1032.75.  Prices settled back over the last 1 hour 15 minutes of trading to close at 1029.75, up 3.00 points.  Volume was above average at 2.1 million contracts, and the 18 point trading range was on the average of 18.3 points.

S&P 500 day trading course, 1027.25 point of control learn to trade


1027.25 point of control S&P 500 day trading course

1027.25 point of control S&P 500 day trading course

1027.5 is point of control with our first level of resistance at 1037.5 then 1049.00 .  If we break below the point of control, will be looking for first support 1019.75 then next major support is 1007.25

This site and Money Maker Edge™ and authors do not offer individual financial, investment, medical or other advice. Nothing on this site should ever be considered to be personal advice, research or an invitation to buy or sell any securities. We also make mistakes and bad decisions sometimes, and our reasoning or data should be checked against trusted sources before they inform your investing decisions. Choices regarding how to invest your money or otherwise manage your life or finances are yours, we share only our analysis and opinion and all authors or commenters are individually responsible for the words and opinions they share here. Please read our important disclaimers and policies. Money Maker Edge™ is supported by subscribers and by sponsors and advertisers. Money Maker Edge™ authors Trade what they are writing about and should be assumed to have holdings.

Money Maker Edge™

Money Maker Edge™ Trading Course 866-640-3737
Powered by WordPress All Content Copyright © Day trading course S&P 500 learn how to trade day traders. Day Trading Course|learn how to day trade|866.640.3737|live trading room Join our trading community.
Theme created with SpiderWeb Press™.